Brent falls 1.34% on October 26 despite Saudi supply fears
US crude fell to US$101.67 a barrel on October 26, while weekend Houthi attacks in Saudi Arabia kept oil supply concerns in focus.
- Brent crude futures fell 1.34% to $115.16 a barrel on Monday, October 26.
- The price drop occurred despite ongoing fears about oil supplies following continued Houthi attacks on Saudi Arabian oil facilities and an airport over the weekend.
- This decline was a retreat from near six-month highs reached the previous week, when Brent had gained 6% due to the same supply concerns.
- U.S. West Texas Intermediate (WTI) crude also fell on the same day, dropping 1.55% to $101.67 a barrel.
Brent and US crude futures fell more than 1% on Monday, October 26, 2026, retreating from near six-month highs reached late last week. Continuing attacks on Saudi Arabia nevertheless kept concerns about oil supplies in focus.
US West Texas Intermediate (WTI) crude futures traded at US$101.67 a barrel at 0018 GMT, or 7.18am in Thailand, on October 26, down US$1.60, or 1.55%. Brent crude futures were US$1.56, or 1.34%, lower at US$115.16 a barrel.
Both oil benchmarks had settled nearly US$3 a barrel higher on Friday, October 23, as Houthi attacks in Saudi Arabia intensified concerns about energy supplies. Brent gained 6% over the week ending October 23, while WTI rose 2.3%.
The Houthis said they attacked an airport and oil facilities in Saudi Arabia on Saturday, October 24, as attacks continued through the weekend. Saudi Arabia said on Sunday, October 25, that it had intercepted further missiles and drones.
Saudi Arabia, the world’s largest oil exporter, resumed some operations at its main airport on October 25 following damage from earlier Houthi attacks. The Houthi movement vowed to continue targeting the airport despite the partial reopening.
