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Brent crude futures for December, which expired on Friday, settled up $2.76, or 2.4 per cent, at $117.64 a barrel, after touching a high of $118. The more active January contract gained $2.63 to $113.43.
US West Texas Intermediate (WTI) crude futures settled $2.12, or 2.08 per cent, higher at $104.12.
Escalation fears in the Gulf are lifting crude and LNG prices, which raises energy costs across feed supply chains. Prices are likely to remain firm while the Strait of Hormuz risk stays elevated.
channelnewsasia.comOct 30, 2026
gulf-times.comOct 31, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
