A later FXStreet report said West Texas Intermediate (WTI) had fallen below $100.50, as Saudi missile interceptions and Houthi claims involving oil infrastructure kept regional supply concerns in focus.
Reuters' snapshot at 8:18 p.m. ET Sunday (00:18 UTC Monday) showed U.S. crude futures at $101.67 a barrel, $1.60, or 1.55%, below the previous settlement. FXStreet published its report at 12:59 a.m. ET Monday (04:59 UTC) and described WTI below $100.50, without giving a time for that reading. Reuters calculated a 2.3% advance for the week through Oct. 23 and said the benchmark gained almost $3 on Friday. EconoTimes previously covered WTI trading below $99 amid Middle East supply concerns in its earlier comparison of WTI price readings.
U.S. President Donald Trump told reporters Sunday, Oct. 25, “No. There will not be a strike today,” the Associated Press reported. The remark addressed a possible strike that day.
Saudi Press Agency (SPA) said air defenses brought down a ballistic missile headed toward Riyadh on Oct. 25. Saudi Civil Defense separately reported that debris from two intercepted missiles injured two people in Khamis Mushait and Ahad Rafidah and damaged three residential buildings and seven vehicles. The Houthis claimed they targeted King Khalid International Airport and energy infrastructure, including pumping stations and the East-West Pipeline. Reuters reported that Saudi authorities had not directly commented on those claims.
The U.S. Energy Information Administration (EIA) estimated that global oil inventories shrank at an average pace of 1.9 million barrels per day in Q3 2026. Its outlook projected a further average daily decline of 0.7 million barrels in Q4 2026. The agency linked higher delivered crude costs for refiners to constrained Middle East flows and more expensive tanker and insurance costs.
FXStreet's four-hour chart analysis placed initial support near $99.30, with lower levels at $97.83 and $96.84, and resistance near $103.29. FXStreet disclosed that AI helped produce the analysis. The EIA's next Weekly Petroleum Status Report is scheduled for Wednesday, Oct. 28, at 10:30 a.m. ET (14:30 UTC).
