Brent crude holds above $114 on Middle East supply risk

Bloomberg+1 ·
Brent crude holds above $114 on Middle East supply risk
  • December Brent crude futures rose 1.1% to $114.39 a barrel and December WTI futures gained 1.3% to $100.77 on Oct 23, 2026.
  • Traders weighed the risk of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure against recovering Middle East oil supplies.
  • ING said its forecast for Brent to average $80 a barrel in the fourth quarter now appeared unattainable.
  • Bloomberg Surveillance framed the session as stocks selling off while rising oil prices kept a lid on Treasuries.
  • Nuveen's Laura Cooper said investors are becoming more selective on AI and looking toward broader diversification, while discussing oil and the outlook for Treasury yields and Fed policy.