Brent Crude Oil Price: $115.59 on Fed Decision Day After…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude futures rose 1.32 percent to $115.59 a barrel following Houthi claims of a missile strike on Saudi Arabia's Ras Tanura refinery. The price rebound occurred ahead of a Federal Reserve interest rate decision.
Why it matters
Brent above $110 keeps headline inflation hot, and is cited as the reason the market continues to price a December Federal Reserve rate hike.
Key facts
- Brent crude futures rose $1.50, or 1.32 percent, to $115.59 a barrel, while WTI increased to $101.37.
- Yemen's Houthis claimed a ballistic missile strike on Saudi Arabia's 550,000 barrel-per-day Ras Tanura refinery, with no immediate confirmation of damage from Saudi authorities.
- CME FedWatch priced a 92.8 percent chance of the Federal Reserve maintaining interest rates at 3.75 percent to 4.00 percent.
Source excerpt · FinanceFeeds
Updated 28 October 2026. Brent crude futures rose $1.50, or 1.32 percent, to $115.59 a barrel in Asian trade on Wednesday, with WTI up $1.47 to $101.37 (CNBC, 28 October). The bounce recovers most of Tuesday's slide of nearly $2, after Yemen's Houthis said they hit Saudi Arabia's largest refinery with a ballistic missile. Verdict: the diplomacy discount from Monday's Tehran meeting is being tested…