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Oil prices rise on war risk premium amid threats to Saudi and Iranian infrastructure, Brent hits highest since May.

Market News
23 Oct 2026
FXEmpire
View Source
Bullish
Oil prices rise on war risk premium amid threats to Saudi and Iranian infrastructure, Brent hits highest since May.

Oil prices are climbing due to increased war risk premiums as threats of strikes on Iran and attacks on Saudi oil infrastructure escalate. Brent crude settled at $113.17, its highest since early May, driven by tight supply and geopolitical tensions. US crude inventories are falling, supporting WTI prices near $100, while natural gas prices decline due to mild weather forecasts. Technical analysis suggests bullish trends for Brent and WTI, but natural gas faces bearish pressure unless it recovers above key resistance levels.

Natural gas and oil price movements provide context for Pluang's market snapshot. For readers following energy-related market trends, here is Pluang's data as of Oct 23, 2026 10:11 WIB: Of 150 priced US stocks tradable on Pluang, 69 rose and 81 fell today. Notable movers include BlackBerry Limited (BB) at USD 8.61 with a 1-day change of -8.50% and Pluang order activity showing 88% Sell / 12% Buy, Marvell Technology Inc (MRVL) at USD 224.98 down 8.08% with 80% Sell / 20% Buy, and HP Inc (HPQ) at USD 33.74 up 7.73% with 96% Sell / 4% Buy. Typical hold times range from 44 to 70 days across these stocks.

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