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Oil prices rise on Middle East tensions, Brent above $111, WTI over $100 amid US-Saudi diplomatic moves.

Technical Signals
21 Oct 2026
FXEmpire
View Source
Bullish
Oil prices rise on Middle East tensions, Brent above $111, WTI over $100 amid US-Saudi diplomatic moves.

Brent oil prices remain strong above $111.60 per barrel, while WTI trades above $100, driven by renewed Middle East tensions after the US ordered diplomats to leave Saudi Arabia following Houthi attacks. These developments raise concerns about the safety of oil facilities and shipping routes in the Gulf, potentially disrupting exports and pushing prices higher. Technical analysis suggests WTI could rally towards $120 if it breaks key resistance levels, while Brent faces resistance at $113 but may also climb to $120 or higher if momentum continues.

Oil price forecasts show Brent above $111.60 and WTI above $100 amid Middle East tensions. For readers following US stocks on Pluang, here is the market snapshot as of Oct 22, 2026 09:41 WIB: out of 150 priced stocks, 64 rose and 86 fell. Notable movers include Opendoor Technologies Inc at USD 1.92 with a 1-day change of -6.80%, Firy Inc. at USD 11.54 up 6.75%, and AT&T Inc. at USD 22.04 down 6.01%.

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