Brent Settles Above $113 as Saudi Supply Risk Intensifies

October 22, 2026

News summary: Reuters reported Brent rose 4% to settle at $113.17/bbl and WTI gained 2.4% to $99.47/bbl after attacks on Saudi infrastructure increased Middle East supply fears.

Market context: The move kept terminal security, tanker access, war-risk insurance and short offer validity central to physical cargo pricing.