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Tuesday, October 20, 2026Updated 12:05 UTC

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Crude holds near $110 per barrel as Middle East tensions keep supply concerns alive

Source: Times of India · Oct 20, 2026 01:43 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Currently hovering around $110 a barrel, oil prices are influenced by escalating geopolitical tensions involving Russia and Saudi Arabia. Washington's recent move to relax restrictions on Russian energy exports has shifted market impressions. Attacks claimed by Yemen's Houthis on Saudi facilities have further heightened stability concerns. As a result, prices remain resilient above $100, prompting

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