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عين ليبيا
Oil Prices Fueled by Middle East Tensions
Global oil prices continued to rise during the week from October 12 to October 16, 2026, due to escalating geopolitical tensions in the Middle East and expectations of disruptions to supply and shipping routes, along with attacks on energy facilities. The average price for Brent crude reached $111.56 per barrel, West Texas Intermediate was $95.76, while the OPEC basket averaged $106.17. Prices showed noticeable fluctuations between the lowest and highest points throughout the week. The decline in prices is mainly driven by fears of decreased supply and the impact of tensions on global energy markets.
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