Brent crude holds near five-month high on Middle East tension

Business Recorder • Oct 20, 2026

Brent crude futures climb 55 cents, or 0.50%, to $110.10 a barrel

Oil prices advanced on Tuesday, with Brent hovering ​around a five-month high as traders priced in a geopolitical risk premium from Houthi attacks ‌on Saudi infrastructure and reports of vessel attacks in the Gulf. Brent crude futures climbed 55 cents, or 0.50%, to $110.10 a barrel, after rising as high as $110.70 a barrel in the previous session to their highest since May 20. The US West ​Texas Intermediate crude (...