Oil approaches $116 amid fears of regional war
Oil prices rose on Wednesday as escalating Middle East tensions heightened concerns over potential disruptions to global crude supplies, following a reported Houthi attack on Saudi Arabia’s largest oil refinery.
October 28, 2026 (MLN): Oil prices rose on Wednesday as escalating Middle East tensions heightened concerns over potential disruptions to global crude supplies, following a reported Houthi attack on Saudi Arabia’s largest oil refinery. Currently, Brent crude futures is up, 1.73%, at $115.85 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $1.74, or 1.74%, to $101...