Oil gains as US storm and Houthi air strikes threaten supply

Oil gains as US storm and Houthi air strikes threaten supply

Arab News Oct 07, 2026 Oil gains as US storm and Houthi air strikes threaten supply

SINGAPORE: Oil prices climbed on Wednesday as the market ​weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed ‌Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 81 cents, or 0.8 percent, to $101.39 a barrel by 09:35 a.m. Saudi time. US West Texas Intermediate crude futures gained 61 cents, or 0.7 percent, to $90.05 a barrel. US forecasters said on Tuesday a storm forming in the ​Gulf of Mexico w

Source: Arab News

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Arab News
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October 07, 2026 - 11:23 AM
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Oil gains as US storm and Houthi air strikes threaten supply

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