Oil prices rise as supply concerns linger amid Houthi attacks on Saudi ArabiaPublished on: October 23, 2026 11:56 AM
Pakistan, Oct. 23 -- Global oil prices rose on Friday following recent Houthi attacks against key Saudi Arabian infrastructure, sparking widespread supply disruption fears. Brent crude futures increased by 58 cents to reach $113.75 per barrel during early international trading sessions. Similarly, US West Texas Intermediate crude futures climbed 66 cents to settle at $100.13 per barrel. Consequently, Brent crude is set to close higher for a third consecutive week amid escalating regional geopolitical instability. Energy traders remain deeply concerned over potential long-term disruptions to crude exports originating from key Middle Eastern production hubs.
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