Oil surge to $114 and AI-fuelled stock selloff

Still watching

Will the AI-related selloff in global stocks persist and weigh further on oil demand expectations?
Will the Houthi attacks on Saudi energy infrastructure continue, and how much damage have they caused?
Will the risk of renewed U.S.-Iran hostilities materialize, and how would it affect Gulf oil supply?
How much additional Russian energy supply will reach the market, and when?
How quickly will Gulf crude exports recover, and how much will they offset the Middle East supply risks?
How long will the attacks on ships and Saudi sites keep disrupting Gulf supply?

23 Oct 2026→ in the 23 Oct 2026 issue
Oil surge to $114 and AI-fuelled stock selloff
- Brent crude climbed above $114 a barrel, its first time at that level since May, as traders weighed renewed Middle East supply risks.
- Traders are also weighing the risk of renewed U.S.-Iran hostilities, which could further disrupt Middle East oil supplies.
- Oil's rally is unfolding alongside a global stock selloff driven by concerns over the durability of the AI boom, though a tech selloff has since eased.
20 Oct 2026→ in the 20 Oct 2026 issue
Brent crude five-month high on Gulf attacks supply fears
- Brent crude hit a five-month high as attacks on ships and Saudi Arabian sites raised concerns about fuel supply, according to Reuters.
- Brent futures rose above $110 a barrel as traders weighed persistent Middle East supply risks against signs that Gulf crude exports are recovering and prospects for additional Russian energy supplies.
19 Oct 2026→ in the 19 Oct 2026 issue
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