Oil holds near $114 amid Saudi supply concerns
Oil prices remained largely stable in early Asian trading on Friday after surging 4% in the previous session to reach a five-month high, as escalating hostilities involving Saudi Arabia and Yemen’s Houthis heightened concerns over potential disrupti
October 23, 2026 (MLN): Oil prices remained largely stable in early Asian trading on Friday after surging 4% in the previous session to reach a five-month high, as escalating hostilities involving Saudi Arabia and Yemen’s Houthis heightened concerns over potential disruptions to global energy supplies. Currently, Brent crude futures is up, 2.17%, at $113.97 per barrel, according to data by Mettis Global. West Texas...