Brent Crude Oil Price: $113.43 Saturday Week Ahead After a…
By Tobi Opeyemi Amure
AI summary of the source article
Brent's January contract settled at $113.43 on October 30, ending the month up 13.6%, while WTI rose 15.2% to $104.12. Prices were supported by security incidents in the Strait of Hormuz ahead of an OPEC+ meeting.
Why it matters
"Friday's limpet-mine report matters more than the earlier, disputed mine claims because UKMTO, not Tehran, is the source. Shipping insurers price incidents, and this one is confirmed."
Key facts
- Brent January settled at $113.43 and WTI at $104.12 on October 30, finishing October up 13.6% and 15.2% respectively.
- A tanker in the Strait of Hormuz was struck by explosive devices attached by a small boat, according to UKMTO.
- Core OPEC+ members meeting on November 1 were expected to keep December output targets unchanged.
Source excerpt · FinanceFeeds
Updated 31 October 2026. Brent's January contract, now the front month, settled at $113.43 a barrel on Friday 30 October, up $2.63, after the December contract expired at $117.64 (+$2.76, 2.4 percent). WTI settled at $104.12 (+$2.12). Brent finished October up 13.6 percent and WTI up 15.2 percent, the highest levels since late April (Reuters via CNBC). Verdict: the week ahead opens with an OPEC+ m…