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Oil prices dip on hopes for diplomacy amid ongoing Saudi attacks and supply concerns.

Market News
26 Oct 2026
FXEmpire
View Source
Neutral
Oil prices dip on hopes for diplomacy amid ongoing Saudi attacks and supply concerns.

Oil prices eased at the start of the week due to hopes of diplomatic talks between the US and Iran, with Qatari mediators visiting Tehran to reduce tensions. However, attacks by Houthis on Saudi Arabia continue, keeping supply risks high. The International Energy Agency warns that supply disruptions could last beyond 2024. US crude inventories remain below average, indicating limited supply buffers. Meanwhile, natural gas prices fell due to mild weather forecasts, though storage levels are tightening, posing potential risks if cold weather returns.

Natural gas and oil market conditions are presented here as of Oct 26, 2026 12:31 WIB. For readers following energy-related market activity, Pluang's snapshot shows that out of 150 priced US stocks, 96 rose and 51 fell today. Notable movers include Motorola Solutions Inc (MSI) at USD 481.83 with a 1-day change of +3.01%, United Airlines Holdings Inc (UAL) at USD 98.68 down -2.94%, and ConocoPhillips (COP) at USD 149.93 up +2.92%.

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