Brent crude falls after Friday’s close above $116 a barrel

The Houthis have claimed responsibility for attacking an airport in Saudi Arabia and oil facilities on Saturday | Photo Credit: peshkov

Brent crude oil futures traded lower on Monday morning after settling above $116 a barrel on Friday, despite Houthi attacks on Saudi Arabia.

At 9.37 am on Monday, December Brent oil futures were at $114.33, down by 2.05 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $100.95, down by 2.25 per cent. November crude oil futures were trading at ₹9599 on the Multi Commodity Exchange (MCX) during the initial hour of trading on Monday, against the previous close of ₹9800, down by 2.05 per cent, and December futures were trading at ₹9475 against the previous close of ₹9643, down by 1.74 per cent.

On Friday, Brent crude futures settled at $116.72 a barrel, and WTI settled at $103.27. The Houthis have claimed responsibility for attacking an airport in Saudi Arabia and oil facilities on Saturday. Saudi Arabia said it had intercepted missiles and drones. The continued attacks on Saudi Arabian facilities have raised concerns over potential supply disruptions.

Meanwhile, US President Donald Trump told Fox News on Sunday that it was ‘getting to be decision time’ on whether to strike a deal with Iran or ‘finish off’. This has raised concerns over the potential escalation of hostilities in West Asia.

Published on October 26, 2026