Brent Crude Oil Price: $114.60 on Monday After the Weekend…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude futures fell 1.8 percent to $114.60 a barrel on Monday, while Abu Dhabi's Murban rose roughly 3 percent above $118 following unconfirmed Houthi strike claims on Saudi infrastructure.
Why it matters
Yanbu matters because "it is the Red Sea outlet of the 7 million barrel-a-day East-West Pipeline that replaced Saudi Arabia's Hormuz exports."
Key facts
- Brent crude fell $2.15 to $114.60 a barrel on Monday, while WTI dropped 2.1 percent to $101.10.
- Abu Dhabi's Murban crude rose about 3 percent to over $118, trading at a premium as buyers seek barrels bypassing Hormuz and the Red Sea.
- The Saudi-led coalition reported intercepting missiles and drones aimed at Yanbu, Taif, and Riyadh, with no oil infrastructure damage confirmed.
Source excerpt · FinanceFeeds
Updated 26 October 2026. Brent crude futures traded at $114.60 a barrel at about 10:50 am Beijing time on Monday, down $2.15 or 1.8 percent from Friday's $116.72 settlement, the highest since April; WTI fell 2.1 percent to $101.10 (OilPrice.com via Gulf News). Abu Dhabi's Murban moved the other way, up about 3 percent to above $118. Verdict: the market has given the weekend's Houthi claims on Yanb…