# Oil prices soar 14% in October to end at 6-month high as US weighs fresh attacks after midterm elections. More upside ahead? - The Economic Times

> Oil prices rose about 14% in October to a six-month high as the US weighed fresh attacks after the midterm elections. Saxo Bank expects crude to stay in a $70-90 range even after the conflict ends, and Goldman Sachs sees up to $120 if shipping attacks intensify.

- Date: 2026-10-31 · published 2026-10-31T10:05:52.368Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/2969-oil-prices-soar-14-in-october-to-end-at-6-month-high-as-us-weighs-fresh-attacks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher crude and refined fuel prices raise biofuel economics and freight and fertilizer costs, supporting vegetable oil and grain prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-04-16 | [Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel](https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after.md) | -3.7% | -8.0% |
| BRENT | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +14.7% | +5.4% |
| BRENT | 2022-02-24 | [European gas prices soar and oil tops $105 after Russia attacks Ukraine](https://feedsoft.ai/events/42882-european-gas-prices-soar-and-oil-tops-105-after-russia-attacks-ukraine.md) | +18.2% | +27.0% |
| BRENT | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | -1.9% | -16.4% |
| BRENT | 2019-06-14 | [Oil prices rise for second day after Gulf of Oman tanker attacks \| The National](https://feedsoft.ai/events/58758-oil-prices-rise-for-second-day-after-gulf-of-oman-tanker-attacks-the-national.md) | +4.3% | +7.7% |
| WTI | 2024-04-16 | [Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel](https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after.md) | -2.8% | -6.7% |
| WTI | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +15.2% | +5.8% |
| WTI | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | +2.2% | -10.9% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/commodities/news/oil-prices-soar-14-in-october-to-end-at-6-month-high-as-us-weighs-fresh-attacks-after-midterm-elections-more-upside-ahead/articleshow/135388221.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.