October 22, 2026 at 10:08 PM UTC

October 23, 2026 at 12:02 AM UTC

Takeaways by Bloomberg AI

Brent oil headed for a third weekly gain as intensifying attacks on Saudi Arabia raised the risk of wider Middle East supply disruptions.

The global benchmark traded near $113 a barrel, up about 3% this week, while West Texas Intermediate was above $99. Iran-backed Houthi militants claimed recent attacks on the Saudi Red Sea port of Yanbu, as well as deadly strikes on an oil field and airport in the kingdom.