Oil prices fell in early trading on Monday, October 26, 2026, retreating from near six-month highs reached late the previous week. Brent and US crude futures both declined despite further attacks in Saudi Arabia over the weekend, leaving energy supply concerns unresolved.
Key Takeaways
- Brent fell to $115.16 a barrel, while US crude declined to $101.67 in early trading.
- The pullback followed weekly gains of 6% for Brent and 2.3% for WTI.
- Fresh Houthi attack claims and Saudi interceptions kept infrastructure security in focus.
Table of Contents
Oil prices pull back after a strong week
At 00:18 GMT, US crude futures were down $1.60, or 1.55%, while Brent futures had lost $1.56, or 1.34%. These were early-session quotations, not Monday’s closing settlements.
Both benchmarks had advanced sharply on Friday as Houthi attacks in Saudi Arabia heightened concerns about energy supplies. Monday’s decline reversed part of that advance, but the price movement alone does not establish that the underlying supply risks had eased.
The figures below distinguish the early-Monday move from the completed weekly performance. Brent’s larger weekly gain also shows that the two benchmarks had not risen at the same pace.
For contract context, ICE’s Brent crude futures specifications describe a 1,000-barrel contract quoted in US dollars and cents per barrel. Those terms explain how the benchmark is traded, rather than verifying the latest market prices.
| Item | Details |
|---|---|
| Brent futures, October 26 at 00:18 GMT | $115.16 a barrel; down $1.56, or 1.34%. |
| US crude futures, October 26 at 00:18 GMT | $101.67 a barrel; down $1.60, or 1.55%. |
| Brent, week ended October 23 | Gained 6%. |
| WTI, week ended October 23 | Gained 2.3%. |
Weekend attacks leave supply concerns unresolved
The Houthis said they attacked a Saudi airport and oil facilities on Saturday, October 24. Saudi Arabia said on Sunday that it had intercepted additional missiles and drones.
Saudi Arabia also restarted partial operations at an airport on Sunday following damage from an earlier round of attacks. The Houthi group vowed to continue targeting the facility.
The developments kept attention on the security of infrastructure in the major oil-exporting country. The available information did not quantify any loss of crude production or exports, so concerns about potential disruption should not be treated as a confirmed reduction in oil supply.
Conclusion
Monday’s closing prices will show whether the early retreat persists. The key supply question remains whether the attacks translate into a confirmed disruption to crude production or exports.
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