Brent crude jumps to highest since April on Houthi attacks, UAE oil spill

Nikkei Asia · Staff Writer · 2026-10-23 19:23 UTC

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NEW YORK (Reuters) -- Oil prices rose on Friday, with Brent crude touching its highest since late April, after Houthi attacks in Saudi Arabia stoked concerns over further disruption to energy supplies from the Middle East, where UAE authorities also reported an oil spill.

Brent crude futures gained $3.18, or 2.81%, to $116.35 a barrel by 2:06 p.m. ET (1806 GMT). Brent's session high of $117.45 was the highest in nearly six months. U.S. West Texas Intermediate crude rose $3.50, or 3.52%, to $102.97.

Brent was on track to gain 6% this week, and WTI was on track to finish 1.5% higher.

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