Oil prices fall as peace hopes offset fears of growing Middle East conflict

Oil prices fall as peace hopes offset fears of growing Middle East conflict

Arab News Oct 29, 2026 Oil prices fall as peace hopes offset fears of growing Middle East conflict

RIYADH: Oil prices ​fell on Thursday, paring gains made a day earlier, as hopes for peace talks took the edge ‌off renewed concerns over Middle East supply disruptions from escalating regional conflict. Brent crude futures declined $1.22, or 1.1 percent, to $114.10 a barrel at 06:51 a.m. Saudi. US West Texas Intermediate crude futures were down $1.33, or 1.3 percent, at $101.45. Brent rose 1.3 percent and WTI gained 3 percent on Wednesday. US Vice President JD Vance sought to ​revive peace negot

Source: Arab News

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Arab News
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October 29, 2026 - 10:13 AM
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Oil prices fall as peace hopes offset fears of growing Middle East conflict

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Economy Technology

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