Threats to Global Supplies Push Crude Oil Prices Sharply Higher

Written on 10/12/2026
Rich Asplund

November WTI crude oil (CLX26 ) closed up +1.89 (+2.06%) on Monday, and November RBOB gasoline (RBX26 ) closed down -0.035 (-0.11%). Crude oil prices settled sharply higher on Monday amid threats to global energy supplies. Saudi Arabia has seen an increase in attacks from Houthi rebels in Yemen, while...Stacked oil barrels by JONGHO SHIN via iStock
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