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Oil prices drop over 2% amid fears of Saudi attacks and demand concerns

Market News
26 Oct 2026
CNBC
View Source
Bearish
Oil prices drop over 2% amid fears of Saudi attacks and demand concerns

Oil prices fell more than 2% as investors balanced the risk of further attacks on Saudi Arabia's energy infrastructure with worries that high prices could reduce demand. After a sharp rally due to recent missile strikes by Yemen's Houthi militants, tensions remain high with ongoing threats and partial resumption of Saudi oil facilities. Experts warn that while supply disruptions could push prices higher, sustained high prices might eventually curb consumption. Additionally, damage to refining capacity could create longer-term challenges for global energy markets into 2027 and beyond.

Oil price movements provide context for Pluang's energy sector snapshot as of Oct 26, 2026 12:31 WIB: out of 79 priced energy stocks, 40 rose and 36 fell. INDO led gains with a 5.41% increase to USD 2.73, slightly edging out EQNR's 5.25% rise to USD 48.54, while DK declined 4.87% to USD 74.41. Typical hold times on Pluang vary notably, from 11 days for DK to 59 days for EQNR, illustrating diverse investor engagement within the sector.

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