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Oil prices rise for fourth month as Houthis expand attacks on Saudi energy facilities.

Market News
30 Oct 2026, 08:30 WIB
FXEmpire
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Bullish
Oil prices rise for fourth month as Houthis expand attacks on Saudi energy facilities.

Oil prices are set for their fourth consecutive monthly gain, with Brent up nearly 14% and WTI about 15% in October, driven by expanded attacks from Yemen's Houthis on key Saudi energy infrastructure including major refineries and processing plants. These attacks have heightened supply concerns, pushing prices above $100 for the first time since April. Meanwhile, US crude stocks have fallen for four straight weeks, and Russian refinery output has partially rebounded, offering limited relief. Natural gas prices fell after a larger-than-expected storage build, but inventories remain normal. The outlook remains cautious as geopolitical tensions and supply disruptions keep oil prices elevated, with technical analysis indicating potential for further gains if key resistance levels are surpassed.

Oil and natural gas prices are in focus as of October 30, 2026. For readers following energy markets, here is Pluang's snapshot: out of 79 priced US energy stocks, 48 rose and 29 fell. Notable movers include LEU at USD 105.93 with a 1-day change of -4.18% and 100% sell order activity, NXE at USD 8.58 down 4.03% but with 100% buy order activity, and DNN at USD 2.31 down 3.75%, with typical hold times ranging from 3 to 34 days on Pluang.

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