Brent Crude Oil Price Today: Back Near $110 as Houthis…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude rebounded to trade near $110 a barrel following reported attacks on Saudi energy facilities and a tanker explosion in the Strait of Hormuz. The supply risks counteracted downward price pressure from US waivers on Russian energy sanctions.
Why it matters
Oil near $110 keeps inflation and Treasury yields high, which is weighing on gold.
Key facts
- Brent crude traded near $110 a barrel in early Asian trading after settling at $109.55 on Monday.
- The Houthis claimed strikes on Saudi energy facilities in Yanbu and Shaybah, and a tanker exploded after striking a mine in the Strait of Hormuz.
- Crude flows through the region dropped to roughly 8.5 million barrels per day over seven days, down from more than 20 million the previous week.
Source excerpt · FinanceFeeds
Updated 20 October 2026. Brent crude traded near $110 a barrel in early Asian trading on Tuesday 20 October (FXEmpire: about $109.78; OilPriceAPI: $110.02 at 01:46 UTC), after settling at $109.55 on Monday (Reuters). The Houthis say they hit Saudi energy sites at Yanbu and Shaybah, and a tanker exploded after hitting a mine in the Strait of Hormuz. Verdict: the Russia sanctions waiver knocked more…