ReportedShipping, energy & marketsGlobal oil markets
Brent trades at $111.10 as oil prices rise about 2% from Wednesday
- Mountain Time
- Local time
- 5:30 AM UTC, Oct 22
- Where
- Global oil markets
OilPrice.com reported Brent crude trading at $111.10 a barrel and West Texas Intermediate at $98.98, both up about 2% from Wednesday. The outlet linked the gains to reports of Houthi attacks on Saudi targets and stalled diplomatic efforts with Iran.
Why it matters
The latest gains increase crude acquisition costs for refiners and fuel importers exposed to spot prices.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels