Brent Crude Oil Price Week Ahead: $116.72 Settle After…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude futures settled up 3.14% at $116.72 a barrel, marking its highest settlement since April 29. The surge followed Houthi attacks on Saudi energy infrastructure and rising regional conflict concerns.
Why it matters
"Fears of supply disruptions drove the advance," said Adam Turnquist, chief cross-asset strategist at LPL Financial.
Key facts
- Brent crude settled at $116.72 per barrel and WTI closed at $103.27 per barrel.
- Houthi forces conducted strikes across Saudi Arabia, prompting Saudi Aramco to evacuate its Dhahran headquarters.
- The US Department of Energy authorized an emergency Strategic Petroleum Reserve exchange of up to 400,000 barrels.
Source excerpt · FinanceFeeds
Updated 24 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 (Reuters). WTI closed at $103.27 , up 3.8 percent. Verdict: the market is pricing a widening war, not a supply number. Houthi strikes inside Saudi Arabia, an unverified Iranian claim of seven tankers…