Oil jumps above $101, Houthi attacks fuel supply concerns
MG News | October 07, 2026 at 09:30 AM GMT+05:00
October 07, 2026 (MLN): Oil prices moved higher on Wednesday as renewed attacks by Yemen’s Iran-backed Houthis on Saudi Arabia heightened concerns over potential disruptions to crude supplies from the Middle East.
Currently, Brent crude futures is up, 1.93%, at $101.54 per
barrel, according to data by Mettis Global.
West Texas Intermediate (WTI) crude futures is up by $1.47,
or 1.66%, to $90.15 per barrel by [09:25 am] PST.
The rise in prices came despite signs of improving physical
supply. Saudi Energy Minister Prince Abdulaziz bin Salman said oil flows
through the kingdom’s East-West Pipeline had reached 5.8 million barrels as of
Tuesday morning.
However, renewed geopolitical tensions continued to weigh on
market sentiment. Saudi Arabia’s aviation authority reportedly said the
airports in Jazan and Najran were targeted in two attacks on Tuesday, amid
escalating hostilities between the Houthis and Saudi Arabia.
Naeem Aslam, chief investment officer at Zaye Capital
Markets, said oil markets remain caught between improving physical supply
conditions and continued geopolitical risks.
Copyright Mettis Link News
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 168,463.10 40.65M | 0.00% 2.99 |
| ALLSHR | 101,902.26 82.05M | 0.15% 150.83 |
| KSE30 | 50,336.82 16.19M | -0.02% -9.28 |
| KMI30 | 241,749.10 15.59M | -0.10% -252.88 |
| KMIALLSHR | 66,006.27 58.17M | 0.10% 64.54 |
| BKTi | 46,849.34 1.06M | 0.03% 15.59 |
| OGTi | 34,625.19 0.41M | -0.31% -107.03 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 84,220.00 | 85,855.00 83,720.00 | -1640.00 -1.91% |
| BRENT CRUDE | 101.61 | 101.81 101.03 | 1.03 1.02% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | 1.40 1.10% |
| ROTTERDAM COAL MONTHLY | 144.40 | 145.45 144.40 | 0.55 0.38% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 90.21 | 90.61 89.62 | 0.77 0.86% |
| SUGAR #11 WORLD | 20.87 | 20.95 20.58 | 0.14 0.68% |
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