The recent price spikes outweighed the impact of the Trump administration's recent decision to ease sanctions on Russian energy exports. Brent crude has increased roughly 80% over the past year as traders continue to price in disruptions to critical oil producing and shipping routes in the region.
Tuesday, October 20, 2026
Story
WTI Crude Hits $107 on Houthi Attacks on Saudi Facilities
Commodities13 hours ago
Brent crude reached its highest price in several months on Monday amid escalating geopolitical risks in the Middle East. The benchmark rose about 1.8% to reach approximately $111 per barrel, while the U.S. WTI benchmark climbed 2% to top $107. These gains followed Houthi claims of attacks on Aramco facilities at Yanbu and the Shaybah oilfield, along with reports of a tanker striking a mine near the Strait of Hormuz.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.