Crude closes mixed as Houthis claim new attacks on Saudi energy sites
Oil futures finished Monday mixed after Iran-aligned Houthis said they hit Saudi energy, airport and military facilities, claims Riyadh has not confirmed.
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what happened
Seeking Alpha reports that oil futures finished Monday with mixed results after Yemen's Iran-aligned Houthis said they had struck a military training camp and renewed attacks on Saudi energy, airport and military sites. The group claimed hits on a Saudi Aramco facility in Yanbu, the Shaybah oilfield, King Khalid International Airport in Riyadh and Abha airport, but Saudi authorities have not confirmed these claims.
Brent for December delivery settled slightly lower at $109.55 a barrel after dipping more than $3 intraday. WTI for December fell 0.5%, while the November contract, which expires Tuesday, rose 2.2% to $103.66 on thin volume. Separately, Iranian media reported that a tanker caught fire and exploded after hitting a mine in the southern Strait of Hormuz. Kpler said Middle East crude flows averaged about 8.5 million barrels a day last week, down from over 20 million the week before.
why it matters
Phil Flynn of Price Futures Group said the Russian diesel waiver adds some barrels to a market running on fumes, but the volumes are small against the global shortfall. Russian refining capacity remains damaged and U.S. distillate inventories are historically low. Shipping threats and attacks on energy infrastructure keep supply risks at the center of trader attention.
market impact
Oil: supply risks from the Middle East support Brent and WTI, while low U.S. distillate stocks pressure diesel markets
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sources
- Crude closes mixed after Houthis claim more attacks on Saudi airports, oil facilities — Seeking Alpha, 19 October 2026 at 23:55 UTC
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