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.

The Rocket News · Business Desk · BeijingOctober 28, 2026 · 2 min read

Tankers on the water in the Strait of Hormuz, June 22, with mountains behind them. This is not a Saudi refinery.

BEIJING — Oil rose early Wednesday after Yemen's Houthis said they had hit Saudi Arabia's biggest refinery with a missile, Reuters reported. Saudi authorities did not immediately confirm the strike. The plant can process 550,000 barrels a day. As of 1:40 a.m. GMT, Brent was up $1.48, or 1.3 percent, at $115.36, and West Texas Intermediate was up $1.22, or 1.22 percent, at $101.12. That is not a settlement. Prices were swinging back after both benchmarks settled down by almost $2 on Tuesday. A Reuters poll of eight analysts expected U.S. crude stockpiles to rise by about 15,000 barrels in the week ended Oct. 23. The claim is the Houthis'. The confirmation is not in this dispatch.

The photograph is June 22, tankers in the Strait of Hormuz. It is not the Saudi refinery, and it is not Wednesday's price.

Saudi authorities did not immediately confirm the strike.

Wire and further reading: reuters.com

Filed under Economy

Keep reading

A man in blue walks past two pumpjacks in a field in Syria, their reflections in a pool of water.

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.

A trader in a headset and glasses leans on a desk at the New York Stock Exchange, screens in front of him and a flag behind.

Markets

Oil eased from near a six-month high.

Before the New York open, Brent was down $1.49 at $115.23 and West Texas Intermediate was down $1.76 at $101.51. This is not a settlement. The photograph is a September file, not a pumpjack.

A worker in a red bandana and safety glasses reaches into a vehicle frame on a Rivian assembly line.

Markets

Business cooled, and prices rose.

S&P Global’s flash composite slipped to 57.6 from 58.4 on Friday, Reuters reported. The prices gauge rose to 59.8, the highest since August 2022. The market is closed Sunday. This is not the Dow.