Business
Oil prices retreat after Houthi attacks push crude near six-month highs
October 26, 2026 at 07:28 AM
Coverage
3 reports · over 2 hours
Oil prices fell Monday after nearing six-month highs late last week, with Houthi attacks on Saudi oil infrastructure keeping supply concerns in focus.
- Brent crude fell 1.93 percent to $114.50 a barrel and West Texas Intermediate 2.27 percent to $101.90 in Monday trading.
- Houthi forces announced Saturday they attacked a Saudi airport and oil facilities.
- Saudi Arabia said Sunday it intercepted additional missiles and drones.
- Saudi and Singaporean energy ministers announced Saudi Arabia will begin storing crude in Singapore from the second half of 2027.
- Saudi Arabia partially resumed operations at its main airport following the Houthi attack on Saturday.