XLE & Oil

Oil Surges 4% After Deadly Saudi Attacks

Rigzone·Oct 22, 2026 · 2:55 PM CT
Read the original at Rigzone
Readthrough summary

Oil had its biggest gain in about two weeks on Thursday as deadly attacks in Saudi Arabia raised fears that the widening Middle East conflict could hit supply, even as exports through the Strait of Hormuz climb back toward pre-conflict levels.

Brent rose 4% to settle near $113 a barrel and West Texas Intermediate closed above $99. Saudi Arabia said a drone strike on Aramco's Shaybah field killed two people without affecting operations, and an attack on King Fahd International Airport in Dammam caused casualties.

Yemen's Houthi rebels also claimed attacks on the Saudi port of Yanbu over the past 48 hours, and the U.S. ordered some personnel and family members to leave American embassies in the kingdom. Prices eased off their intraday highs by the New York morning.

Key points

  • Brent +4% to ~$113; WTI above $99
  • Shaybah strike killed two; operations unaffected

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Rigzone.

Read the original at Rigzone

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