Commodities

Storm and Houthi Attacks Drive Oil Prices Higher

Guavy AI Editorial Team Published October 7, 2026

Instruments

Oil Natural Gas

Oil prices climbed on Wednesday as traders weighed supply risks from an approaching storm in the US Gulf of Mexico and ongoing attacks by Yemen's Houthi rebels on Saudi Arabian targets. Brent crude futures rose $1.05 to $101.63 per barrel, while US West Texas Intermediate (WTI) crude futures…

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