COMMODITY
Crude oil futures end higher amid supply disruption concerns
Oct-23-2026

Crude oil futures closed higher on Thursday as concerns over prolonged supply disruptions grew following reports that the U.S. and Israel are considering a joint military operation against Iran after the November U.S. midterm elections. However, the report stated that diplomatic efforts to reach an agreement with Iran are still underway.

Benchmark crude oil futures for December delivery jumped by $2.32 or 2.39% to settle at $99.47 a barrel on the New York Mercantile Exchange. Brent crude for December delivery surged by $4.35 or 4.00% to settle at $113.17 a barrel on the New York Mercantile Exchange.


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