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Houthis claim attack on targets in Saudi Arabia, Aramco evacuates headquarters

Yemen's Houthi movement said on October 22 that it had struck King Fahd Airport in Dammam, the Saudi Arabian Ministry of Defense building and another Saudi Aramco facility. Following this, Saudi Aramco (the world's largest oil company and Saudi Arabia's state company) ordered the evacuation of personnel from its headquarters in Dhahran and their transfer to remote work.

Fifth day of gains: WTI crude oil price above $94 after strike on Aramco headquarters

WTI crude oil is rising for the fifth consecutive session and has climbed above $94 per barrel after new attacks in Saudi Arabia. The market is again pricing in heightened risk of supply disruptions in the Middle East, despite rising OPEC+ production.

WTI above $90: oil gained about 3% in a day on attacks on Saudi Arabian airports

On October 8, WTI oil rose to $90.87 and at one point approached $91.00, gaining about 3% in a day. The rise was supported by new attacks on facilities in Saudi Arabia, risks to shipping in the Strait of Hormuz, and a decline in US oil inventories.

Due to the strong dollar, the gold price fell to $4,100: a two-month low

On Tuesday, October 6, XAU/USD declined to $4,100, the lowest level in about two months. Gold has lost about 12% from its recent peak near $4,696, and the main pressure factor remains the strong dollar and high US bond yields.

Oil reversed into positive territory: WTI at $91.50 after China halts fuel exports

WTI recovered intraday from the morning decline from around $88.00 and rose to nearly $91.50. The main driver was China's temporary suspension of oil product exports during the national holidays.

WTI above $93: Trump rejected Iran's proposal on the Strait of Hormuz

US crude WTI (the US benchmark grade) is trading around $93.05 in early Asian hours on Monday. The push came from US President Donald Trump's rejection of Iran's proposal to open the Strait of Hormuz - a key maritime route for oil exports from the Persian Gulf.

Gold fell below $4,200 - lowest since August 5

XAU/USD dropped below $4,200 and hit a nearly two-month low. Gold is under pressure from expectations of further Fed rate hikes, high US Treasury yields and a stronger dollar.

Oil +4% in the session: Houthis attack Saudi Arabia again

Yemen's Houthis announced new attacks on Saudi Arabia. The oil market reacted almost instantly: prices rose by about 4% during the session.