Oil
Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure
CEII brief
OilPrice.com reported on 23 Oct 2026: Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure.
Read the full story on OilPrice.comCrude oil prices were on course to book a sharp weekly gain, with Brent crude on track for gains of about $6 per barrel and WTI registering a much more modest tick higher, from around $99 per barrel on Monday to over $100 earlier today.
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.
9.5% of world merchandise exports were fuels in 2025Original reporting © OilPrice.com. 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.
