Brent Crude Oil Price Today: Bull and Bear Case as Brent…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude rose 1.7% to $110.63 a barrel following a Houthi drone attack near Saudi Aramco's Shaybah field and a strike on Dammam's airport. The US State Department ordered non-emergency personnel and their families to leave Saudi Arabia.
Why it matters
The text states that "the market is paying for Saudi risk on top of Hormuz risk, but the US fuel-reserve loan and a surprise distillate build cap the diesel premium."
Key facts
- Brent crude increased 1.7% to $110.63 a barrel and WTI rose 1.4% to $98.52.
- A Houthi drone aimed at Saudi Aramco's one-million-barrel-a-day Shaybah oilfield was intercepted, leaving operations unaffected.
- The US State Department ordered non-emergency government staff and families to evacuate Saudi Arabia.
Source excerpt · FinanceFeeds
Updated 22 October 2026. Brent crude traded at $110.63 a barrel at 07:36 UAE time on Thursday, up $1.81 or 1.7 percent from Wednesday's $108.82 settlement, after a Houthi drone was intercepted near Saudi Aramco's one-million-barrel-a-day Shaybah field and a second attack hit Dammam's airport (The National, Reuters). Washington has ordered some diplomats and their families out of Saudi Arabia. WTI…