Bullish
WTI crude oil prices rise 2.7% to $94.61 after Houthi attack on Saudi Arabia
In the past 24 hours, WTI crude oil prices increased by 2.7%, closing at $94.61 per barrel, following a Houthi missile attack on Saudi Arabia that heightened supply concerns. This geopolitical event overshadowed earlier reports of U.S.-Iran discussions aimed at reopening the Strait of Hormuz, which had previously eased market tensions.
Key points
- Houthi missile attack on Saudi Arabia raises supply concerns, pushing WTI prices up 2.7% to $94.61.
- U.S.-Iran talks on reopening the Strait of Hormuz provide potential supply relief, but market remains cautious.
- Saudi Arabia restarts East-West pipeline operations, aiming to mitigate supply disruptions.
- Iraq increases oil exports to 3 million barrels per day, contributing to global supply stability.
Sources
- Oil prices settle up about 3% as Houthi attack on Saudi Arabia lifts supply fearsReuters · September 24, 2026
- WTI Oil hovers at two-week lows near $89.00 awaiting Middle East developmentsFXStreet · September 23, 2026
- WTI Crude Oil futures hit three-month low on ceasefireCME Group · June 15, 2026
- Crude oil reverses hard on improved demand outlook, delivering bullish technical signalForex.com · September 23, 2026
AI-generated from public news sources. Not financial advice.
