Oil climbs above $110 on Middle East supply fears: Oct 22, 2026
Oil prices have climbed above $110 to a five-month high on Middle East supply fears, with headlines citing Houthi strikes on Saudi targets, drone attacks, two tankers on fire off Oman, warnings of a wider blockade and a U.S. inventory draw. One report separately noted Brent trading in negative territory on London's ICE with a loss of over 3%. For Brent, this matters because competing supply-risk headlines and inventory news are driving volatile price moves.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the Brent page.
Headlines (9)
First seen on October 22
- WTI rises above $97.50 due to drone attacks on Saudi, RussiaFXStreet
- Oil Prices Surge Above $111 as Houthis Strike Saudi TargetsOilPrice.com
Carried over from earlier days
- WTI rises above $99.00 as Iran warns of wider blockadeFXStreet
- Two Tankers On Fire Off Oman As IRGC Boasts Of Naval Mine WarfareZeroHedge
- Oil's 5-Month High Is a Tax on Households, Unless You Own Energy StocksBeInCrypto
- Brent price moves to negative territory on London’s ICE losing over 3%TASS
- Oil Prices Climb Above $110 as Middle East Supply Fears PersistInvesting.com
- WTI Oil approaches $99 amid fears of supply disruptions from Gulf countriesFXStreet
- Oil prices rise on M.East tensions, U.S. inventory drawHellenic Shipping News
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 22 | ||
| Foreign Direct Investment ytd/y | CNY | |
| Unemployment Claims | 200K | USD |
| IPPI m/m | 0.9% | CAD |
| RMPI m/m | 3.1% | CAD |
| NHPI m/m | -0.1% | CAD |
| CB Leading Index m/m | -0.1% | USD |
| Natural Gas Storage | 80B | USD |
| Friday, October 23 | ||
| NHPI m/m | CAD | |