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Brent crude reaches $110 as Red Sea shipping risks persist

21 October 2026 - 08:07
News ID: 1880728
Brent crude reaches $110 as Red Sea shipping risks persist

Oil prices rose on Wednesday amid concerns over West Asia supply and shipping risks in the Red Sea. Brent crude gained $1.21 to $110 per barrel, while US WTI rose by more than $1 to $99 per barrel.

ABNA24 - Oil prices have risen on Wednesday on West Asia supply concerns, with traders wary of Red Sea shipping risks.

Brent crude futures gained $1.21 to reach $110 per barrel.

US West Texas Intermediate (WTI) crude climbed by more than a dollar to reach $99 per barrel.

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