Oil Price Forecast: Saudi Attacks Lift Brent and WTI on Supply Fears
FXEmpire·2026-10-22 11:30
Brent oil remains strong in early Asian trading on Thursday and trades above $111.60 a barrel. On the other hand, WTI oil trades above $100 a barrel. The strength in the oil market was seen after the US ordered some diplomats and their families to leave Saudi Arabia after fresh Houthi attacks.This escalation renewed fears over safety of oil facilities and shipping in the Gulf. These developments in the Middle East are the main drivers for the oil market in the near term. Any new attacks in the Middle East m ...