Oil Prices Climb Closer to $110 per Barrel

Sunday, October 18, 2026

SAEDNEWS: Oil prices rose sharply on Friday, with Brent crude nearing $110 per barrel.

Oil Prices Climb Closer to $110 per Barrel

According to Saednews, Oil prices surged on Friday, with Brent crude approaching $110 a barrel as the US war on Iran heightened concerns over global energy supplies, Reuters reported.

Brent crude settled at $109.86 a barrel, marking a 3.7% increase, while US West Texas Intermediate (WTI) crude closed at $101.41, up 3.5%, according to Reuters.

The latest developments have intensified pressure on global energy markets as the Trump administration considers the economic implications of imposing additional sanctions on Russia.