West Texas Intermediate (WTI) crude futures fell in early Asian trading Monday, while Reuters said ongoing attacks against Saudi Arabia sustained concern over oil supply.
At 8:18 p.m. ET Sunday (00:18 UTC Monday), Reuters reported WTI futures at $101.67 a barrel, down $1.60, or 1.55%. It put Brent at $115.16, down $1.56, or 1.34%. FXStreet later cited a separate WTI reading near $101.10 at 9:02 p.m. ET Sunday (01:02:47 UTC Monday). Its report did not specify the contract or quote convention, so that reading cannot be directly compared with Reuters’ futures quote.
Reuters reported WTI closed Friday, Oct. 23, at $103.27 a barrel, up $3.80, or 3.8%. The news service said crude prices had neared a six-month high late last week. EconoTimes previously covered WTI’s drop below $99 amid Middle East supply concerns.
During a press gaggle Sunday, U.S. President Donald Trump said the United States would not strike Iran that day: “No. There will not be a strike today.” The transcript dates his remark to Oct. 25.
Qatar News Agency reported that the Saudi-led coalition said it intercepted and destroyed a ballistic missile headed toward Riyadh on Sunday, after intercepting a drone late Saturday. Reuters reported that the Houthis said they attacked Riyadh airport and Saudi oil facilities on Saturday. Saudi authorities did not comment directly on the oil-facility claims. Reuters also reported that two terminals at King Khalid International Airport resumed operations Sunday.
