Oil prices surged as U.S. West Texas Intermediate crude futures jumped 4.2% to around $107.50 per barrel, marking their ninth straight session of gains and nearly a 20% rise for October. Brent crude also rose to $111.42 per barrel, its highest since May. The price increase is driven by escalating attacks on commercial ships in the Strait of Hormuz, with at least 18 vessels targeted recently, and heightened geopolitical tensions involving Iran's Revolutionary Guard Corps. Investors remain cautious as U.S. futures contracts near expiry and geopolitical risks persist in the Middle East.
Oil prices surged recently; here is Pluang's Energy sector snapshot as of Oct 20, 2026 17:21 WIB: Out of 79 priced US Energy stocks, 51 rose and 22 fell. Kosmos Energy Ltd. shares rose 2.15% to USD 2.85 with a typical hold time of 3 days. Solaredge Technologies Inc. shares fell 2.03% to USD 30.43, with 99% buy order activity and a 34-day hold time. Centrus Energy Corp shares dropped 1.93% to USD 108.00, with 72% buy order activity and a 31-day hold time.
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