Oil rose in Asian trading. ANZ Research said in a note that while the prospect of diplomatic talks has eased Middle East tensions, it has not prompted significant selling as traders are increasingly focused on on‑the‑ground developments. ANZ added that crude supply risks continue to rise. Saudi Arabia said it has contained a fire near its largest oil export terminal at Ras Tanura following an attack.

2026-10-28

Oil rose in Asian trading. ANZ Research said in a note that while the prospect of diplomatic talks has eased Middle East tensions, it has not prompted significant selling as traders are increasingly focused on on‑the‑ground developments. ANZ added that crude supply risks continue to rise. Saudi Arabia said it has contained a fire near its largest oil export terminal at Ras Tanura following an attack.