Oil slides over 2% as traders weigh Saudi attack risks, demand destruction
On Monday, the price of American crude oil dropped by more than 2 percent as market participants analyzed the dual pressures of potential strikes against Saudi Arabian energy assets and the possibility that high costs might eventually stifle global demand. West Texas Intermediate futures for the United States saw a decrease of 2.19 percent, settling at $101 per barrel. Simultaneously, Brent crude futures experienced a decline of 1.89 percent, falling to a price of $114.51 per barrel.
This downward movement followed a significant price surge on Friday, which was triggered after Houthi militants from Yemen launched attacks on Saudi Arabian energy sites, sparking renewed anxiety regarding the stability of international fuel supplies.
Houthi Attacks and Saudi Infrastructure
Tensions between
Source: cnbc.com · 2026-10-26