Oil prices climb over 1.5 percent
Oil prices rose by more than 1.5% today, Wednesday, October 21, 2026, recouping part of the losses from the previous session. This came amid escalating tensions in the Middle East and fears of disrupted crude supplies. The increase followed the Houthis claiming responsibility for attacks on Saudi targets, heightening concerns about the stability of energy supplies in the region. Brent crude futures prices climbed by 1.62% to $110.55 per barrel, while West Texas Intermediate rose by 1.45% to $99.24 per barrel, as markets await developments in the tensions and their impact on global oil supplies. Meanwhile, declining US inventories supported the price gains.
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