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Thursday, October 22, 2026Updated 11:44 UTC

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Oil Prices Surge Above $111 as Houthis Strike Saudi Targets

Source: OilPrice.com · Oct 22, 2026 05:30 UTC

Aerial view of refinery storage tanks near Houston on the Gulf coast — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Crude oil prices extended their earlier gains today, with Brent crude keeping above $111 per barrel after the latest reports from the Middle East, featuring more Houthi attacks on Saudi targets. An order by the U.S. federal government for non-emergency personnel in the kingdom to leave contributed to the perception of an unstable security situation in a key oil region. At the time of writing, Bren

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