Oil
Brent settled at $117.64. WTI settled at $104.12.
Reuters, the Friday settlement in Houston: Brent’s December contract rose $2.76 and expired at $117.64. WTI rose $2.12, to $104.12. Not the morning print. The photograph is a pumpjack from October 2025.
The Rocket News · Business Desk · HoustonOctober 31, 2026 · 2 min read
HOUSTON — Oil settled Friday at its highest since the end of April, Reuters reported. Brent crude for December, which expired Friday, settled up $2.76, or 2.4 percent, at $117.64 a barrel, after touching $118. The more active January contract gained $2.63, to $113.43. West Texas Intermediate settled up $2.12, or 2.08 percent, at $104.12. For October, Brent finished 13.6 percent higher and WTI 15.2 percent higher. This is the settlement. It is not a morning print.
Dennis Kissler, senior vice president of trading at BOK Financial, said: “Traders will remain focused on oil flows out of the Middle East and the likely escalation by US and allied forces.” The settlement followed an attack on a tanker in the Strait of Hormuz. That attack is a separate note. This note is the price.
Traders will remain focused on oil flows out of the Middle East.
The photograph is a pumpjack in the Permian Basin near Midland, Texas, on Oct. 8, 2025. It is not Friday’s settlement. It is not the strait.
Wire and further reading: reuters.com
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Oil
Oil fell before New York. Brent was $114.10.
At 3:51 a.m. Greenwich time, Reuters had Brent down $1.22, at $114.10, and WTI at $101.45. Not the settlement. The photograph is a Permian pumpjack from October 8, 2025.
Markets
Oil rose before New York. Saudi did not confirm a strike.
As of 1:40 a.m. GMT, Brent was $115.36 and West Texas Intermediate was $101.12. The Houthis said they hit Saudi Arabia's biggest refinery. Saudi authorities did not confirm it. This is not a settlement. The photograph is June 22 in the Strait of Hormuz.
Markets
Oil slipped about 1 percent before New York.
By 4:18 a.m. GMT, Brent was down $1 at $114.81 and West Texas Intermediate was down 88 cents at $100.88. This is not a settlement. The photograph is Feb. 9 in Syria, a man walking by the jacks.