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Oil Prices Dip After Peak; Houthi Attacks Stir Fears
26 Oct
Summary
- Oil prices experienced a nearly $1 drop at the market's opening.
- U.S. crude futures fell 0.96% to $102.28 per barrel.
- Friday's settlement saw prices rise due to Saudi energy supply concerns.
Global oil prices experienced a notable decrease of nearly $1 in early trading on Monday, pulling back from a near six-month high. U.S. crude futures registered a 0.96% decline, settling at $102.28 per barrel as of 23:15 GMT.
Similarly, Brent crude futures also saw a downward adjustment, trading 0.8% lower at $115.79 per barrel. This market movement occurred after prices had settled nearly $3 higher on the preceding Friday. The earlier surge was driven by heightened energy supply concerns linked to Houthi attacks within Saudi Arabia.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
