During Asian trade on Friday, WTI crude pulled back from a May 19 high near $104 but losses were limited; the contract was trading above $102 and posted a third straight session of gains. Supply-disruption concerns have offset tentative diplomatic op

2026-10-30

During Asian trade on Friday, WTI crude pulled back from a May 19 high near $104 but losses were limited; the contract was trading above $102 and posted a third straight session of gains. Supply-disruption concerns have offset tentative diplomatic optimism. Escalating hostilities between Iran-backed Houthi forces in Yemen and Saudi Arabia are keeping a geopolitical risk premium intact and may continue to support oil prices.