Brent Crude Oil Price Today: Bull and Bear Case as…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude rose to $110.38 a barrel following a brief dip, supported by falling US crude inventories and ongoing vessel attacks in the Middle East.
Key facts
- Brent crude rose 1.5% to $110.38 a barrel, while WTI increased 1.4% to $99.18.
- American Petroleum Institute data showed US crude stocks dropped by 4.9 million barrels in the week to 16 October.
- Kpler recorded at least 18 vessel attacks over the past two weeks, with threats expanding into the Gulf of Oman.
Source excerpt · FinanceFeeds
Updated 21 October 2026. Brent crude traded at $110.38 a barrel at 03:50 GMT on Wednesday 21 October, up $1.59 or 1.5 percent (Reuters). On Tuesday it touched $111.99, the highest since May, then settled at $108.79, down 76 cents, after unconfirmed reports that Qatar and Pakistan were working on a proposal to revive Iran talks. Verdict: the dip lasted one session. With 18 vessels attacked in two w…