Oil
Oil Prices Hold Near $100 as Middle East Risks Offset Peace Hopes
CEII brief
OilPrice.com reported on 23 Oct 2026: Oil Prices Hold Near $100 as Middle East Risks Offset Peace Hopes.
Read the full story on OilPrice.comDecember WTI crude oil is nearly unchanged for the week, but the flat result hides a rough ride. The contract opened at $99.04, rallied to $101.37, then broke to $95.25 before recovering back to its opening level.
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.
