Brent crude traded at $109.70, up 16 cents, while WTI hovered at $98.72 on Tuesday as traders digested President Trump’s executive order that lifted key U.S. sanctions on Russian oil and gas.
"The order was issued Friday night," said Trump in a brief press release, adding that a final decision would be announced soon. Secretary of State Marco Rubio noted that officials needed more time to assess the impact of the move.
Russia’s crude oil output rose to 8.43 million barrels per day in September, up 65,000 barrels from August, the International Energy Agency reported. Despite the uptick, production remains about 870,000 barrels per day below last year’s level.
Houthis claimed attacks on Saudi energy and aviation sites, naming an Aramco facility in Yanbu, the Shaybah oilfield, King Khalid International Airport in Riyadh and Abha airport. A separate assault on a Yemeni security training camp in Shabwa province killed 58 and injured more than 200, Reuters could not verify the claim.
The prospect of additional Russian supplies has offered a counterweight to Gulf‑region disruptions, yet traders remain wary of attacks on critical infrastructure. Oil prices have held above the $100‑a‑barrel mark, and market participants will look to next week’s OPEC+ meeting for further guidance.
"I work at the Yanbu refinery," said a local worker, "and I fear another strike could halt production for days."