US oil prices fall as investors gauge risks to Mideast supply
A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
TOKYO, Oct 29 : Benchmark US crude futures fell around $1 on Thursday, paring some of the previous day’s gains, as traders weighed the risk that escalating Middle East conflict could further disrupt regional energy supplies.
US West Texas Intermediate (WTI) crude futures were down 92 cents, or 0.9 per cent, at $101.86, after dropping as low as $101.75 a barrel. They had risen 3 per cent on Wednesday.
Yemen’s Houthis attacked Aden airport on Wednesday, government forces said, after the Iran-aligned group warned people to evacuate it as fighting surged in the impoverished country ensnared in the Middle East conflict.
On Tuesday, the Houthis said they hit Saudi Arabia’s biggest oil refinery with a missile, as they stepped up strikes against the world’s second-largest crude producer after the US.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Saudi authorities did not immediately confirm the strike on the 550,000-barrel-per-day facility.
Qatari mediators have presented Iran with a new draft deal to end the war with the US and Israel, an official briefed on the negotiations said, but a senior Iranian official described them only as unacceptable ideas that did not amount to an offer.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
