Oil Climbs Above $114 as Houthi Attack Fuels Middle East Supply Fears, Gold Slips Ahead of Fed Decision
Oil prices rose on Wednesday as an attack claimed by Yemen’s Iran-backed Houthi movement on Saudi Arabia’s Ras Tanura refinery heightened fears of a prolonged Middle East conflict, reinforcing concerns that disruptions to energy supplies could sustain inflation and complicate the Federal Reserve’s interest-rate outlook. Brent crude futures gained 0.7% to $114.68 a barrel, while […] The post Oil Climbs Above $114 as Houthi Attack Fuels Middle East Supply Fears, Gold Slips Ahead of Fed Decision ap
Oil prices rose on Wednesday as an attack claimed by Yemen’s Iran-backed Houthi movement on Saudi Arabia’s Ras Tanura refinery heightened fears of a prolonged Middle East conflict, reinforcing concerns that disruptions to energy supplies could sustain inflation and complicate the Federal Reserve’s interest-rate outlook. Brent crude futures gained 0.7% to $114.68 a barrel, while […]
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About this article
- Length
- 81 words · 1 min read
- Published
- October 28, 2026
- Byline
- Samuel Nwite
- Source
- Tekedia