Oil edges up as Houthi attacks on Saudi Arabia continue
Brent is near $106 as Russian diesel hopes cap the gains.
Oil · Wednesday, October 14, 2026 · 6:15 AM ET
Oil rose in early Wednesday trading as fighting between Yemen's Houthis and Saudi Arabia kept supply worries alive, while expected extra Russian diesel limited the gains. Brent was around $106 a barrel, per Reuters, CNBC and the Wall Street Journal.
Prices
Reuters had Brent up 0.8% at $106.58 and West Texas Intermediate up 0.9% at $94.94 by 0030 GMT. CNBC had Brent up 0.61% at $106.33. By 3:22 AM ET the Journal had December Brent up 0.2% at $105.92 and December WTI up 0.2% at $93.39. Benchmark months differ by outlet, so the WTI levels are not directly comparable. Brent fell 0.9% on Tuesday while WTI rose 0.4% (Reuters).
What is driving it
Saudi Arabia's energy ministry said a Houthi attack on a Saudi Aramco administrative building in Dhahran caused a limited fire (Reuters, WSJ). Reuters said the group has fired missiles and drones at Saudi Arabia over the past week, and that Riyadh's airport has been hit four times, including a Saturday strike that killed 13. CNBC, citing Al Jazeera, reported a Saudi-led coalition struck Houthi energy sites in Yemen, and that US Central Command rejected Iranian claims that the Strait of Hormuz is under Tehran's control. Nissan Securities strategist Hiroyuki Kikukawa told Reuters that expected Russian diesel exports are likely to limit large moves in either direction. The International Energy Agency releases its monthly oil report Wednesday (WSJ). Yesterday: oil slips as traders weigh Russian diesel and the Chain, Crude & Chips sidebar.