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Thursday, October 22, 2026 19:2 GMT
Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 81 cents, or 0.8 percent, to US$101.39 a barrel by 09:35 a.m. Saudi time. US West Texas Intermediate crude futures gained 61 cents, or 0.7 percent, to US$90.05 a barrel. US forecasters said on Tuesday a storm forming in the Gulf of Mexico would...More