Oil prices fell on world markets on Monday (26 October) after a run of gains. US crude and international Brent crude were both down by about 2 percent. But worries about oil supplies remain because of continuing Houthi attacks on Saudi Arabia.
According to a Reuters report, at 8:32am Bangladesh time on Monday, US West Texas Intermediate (WTI) was down $2.14, or 2.07 percent, a barrel.
That brought it down to $101.13. At the same time, Brent crude was down $2.12, or 1.82 percent, at $114.60 a barrel.
Late last week oil came close to its highest price in about six months. On Friday, prices rose by nearly $3 as worries about supply grew after Houthi attacks on Saudi Arabia.
Over the whole week, Brent rose 6 percent and WTI 2.3 percent.
The attacks went on over the weekend. On Saturday the Houthis claimed to have attacked airports and oil facilities in Saudi Arabia. On Sunday Saudi Arabia said it had intercepted several more missiles and drones.
The country’s main airport, damaged in earlier attacks, partly resumed operations on Sunday. But the armed group has threatened to keep attacking the facility.
Meanwhile, Saudi Arabia plans to store crude oil in Singapore from the second half of 2027 to make regional supply more stable. The two countries’ energy ministers gave the information on Monday.
Separately, the US Department of Energy said it had approved the release of 400,000 barrels of oil from the country’s Strategic Petroleum Reserve to deal with the effects of a supply disruption at an oil refinery in Louisiana.
বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report