Brent Crude Oil Price: $116.72 Into the Sunday Futures Open…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude settled at $116.72 a barrel and WTI at $103.27 amid supply disruption concerns following Houthi attacks across Saudi Arabia. Oil markets face unconfirmed claims of strikes on Aramco facilities in Yanbu ahead of the Sunday futures open.
Why it matters
Yanbu is significant because "the East-West Pipeline runs about 1,200 km from Abqaiq to Yanbu and has been Saudi Arabia's main export route since Iran closed the Strait of Hormuz in July; Aramco's chief executive has put throughput near 7 million barrels a day."
Key facts
- Brent crude futures settled up 3.14 percent at $116.72 a barrel, while WTI closed up 3.8 percent at $103.27.
- Houthi rebels claimed strikes on Aramco's Yanbu facilities, the Rabigh refinery, and the East-West Pipeline, which Saudi officials have not confirmed.
- The US Energy Department authorised an emergency exchange of up to 400,000 barrels from the Strategic Petroleum Reserve.
Source excerpt · FinanceFeeds
Updated 25 October 2026. Brent crude futures settled at $116.72 a barrel on Friday 23 October, up $3.55 or 3.14 percent, the highest settlement since 29 April and a gain of about 6 percent on the week; WTI closed at $103.27 , up 3.8 percent (Reuters). Futures reopen at 6 pm ET on Sunday with two unresolved weekend stories: the Houthis' Saturday claim of strikes on Aramco's Yanbu facilities, the Ra…