Business · Energy & Commodities · 58 mins ago
Oil prices fall after reaching near six-month highs
Oil prices fell on Monday after climbing to near six-month highs late last week.
US crude was at $101.67 a barrel and Brent crude at $115.16 at 0018 GMT.
Houthi attacks in Saudi Arabia raised concerns about supply, helping push prices nearly $3 higher on Friday.
Brent ended the week up 6%, while US crude, also called WTI, rose 2.3%.
The Houthis said they attacked a Saudi airport and oil facilities on Saturday, and Saudi Arabia said it intercepted more missiles and drones on Sunday.
Saudi Arabia partly reopened its main airport after damage from an earlier attack, while the Houthis vowed to keep targeting it.
The attacks kept supply risks in focus even as prices fell, and no further developments were specified.
Oil prices fell on Monday, October 26, after approaching near six-month highs late the previous week.
By 0018 GMT, Brent crude was down $1.56, or 1.34%, to $115.16 a barrel, while US WTI was down $1.60, or 1.55%, to $101.67.
Prices had risen by nearly $3 on Friday as Houthi attacks in Saudi Arabia raised concerns about energy supplies.
The Houthis said they attacked a Saudi airport and oil facilities on Saturday, and Saudi Arabia said on Sunday it intercepted more missiles and drones.
Saudi Arabia partially resumed operations at its main airport on Sunday after damage from an earlier attack.
- Who
- Oil traders and investors; the Houthis and Saudi Arabia were central to the supply concerns.
- What
- Oil prices fell after approaching near six-month highs, despite continuing concerns about supply disruptions.
- When
- Monday, October 26, 2026.
- Where
- Oil markets globally; the reported attacks were in Saudi Arabia.
- Why
- Investors took profits after the previous week’s rise. Continuing attacks in Saudi Arabia kept supply concerns in focus.
This story does not have two clearly opposing sides.
Saudi Aramco ordered the evacuation of its headquarters in Dhahran, according to El Economista MX.
Oil prices rose by nearly $3 after Houthi attacks in Saudi Arabia raised energy supply concerns.
The Houthis said they had attacked a Saudi airport and oil facilities.
Saudi Arabia said it had intercepted more missiles and drones and partially resumed operations at its main airport.
Oil prices fell from near six-month highs.
- Brent price
- $115.16 a barrel, down $1.56 or 1.34% by 0018 GMT
- WTI price
- $101.67 a barrel, down $1.60 or 1.55% by 0018 GMT
- Brent weekly change
- Up 6%
- WTI weekly change
- Up 2.3%
- Saudi airport
- Partial operations restarted on Sunday after damage from an earlier attack
- U.S. Strategic Petroleum Reserve
- Up to 400,000 barrels authorized for release to address a supply disruption at a Louisiana refinery
4 sources
What people are saying
Fears of supply disruptions drove the advance after Iran-backed Houthi rebels carried out a series of attacks across Saudi Arabia, including attacks on energy infrastructure.
The market is concerned about continuing Iranian attacks on oil tankers, which have intensified over the past week.