Oil
Brent crude surges 13% in October as Middle East attacks threaten oil supplies
CEII brief
Nairametrics reported on 30 Oct 2026: Brent crude surges 13% in October as Middle East attacks threaten oil supplies.
Read the full story on NairametricsBrent crude futures are heading for a fourth consecutive monthly gain, rising nearly 13% in October as escalating hostilities in the Middle East threaten global oil supplies and heighten concerns about disruptions to crude shipments.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Nairametrics. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
