{"id":48499,"date":"2026-10-20T08:22:00","date_gmt":"2026-10-20T06:22:00","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=48499"},"modified":"2026-10-20T08:22:00","modified_gmt":"2026-10-20T06:22:00","slug":"brent-crude-holds-near-five-months-high-on-middle-east-tension","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/brent-crude-holds-near-five-months-high-on-middle-east-tension\/","title":{"rendered":"Brent crude holds near five months high on Middle East tension"},"content":{"rendered":"<div>Oil prices advanced on Tuesday, with Brent hovering \u200baround a five-month high as traders priced in a geopolitical risk premium from Houthi attacks \u200con Saudi infrastructure and reports of vessel attacks in the Gulf.<\/div>\n<div><\/div>\n<div>Brent crude futures climbed 55 cents, or 0.50%, to $110.10 a barrel, after rising as high as $110.70 a barrel in the previous session to their highest since May 20.<\/div>\n<div><\/div>\n<div>The United States West \u200bTexas Intermediate crude contract for November delivery, set to expire on Tuesday, was up 0.24% to $103.91. The \u200bmore active December contract rose 39 cents, or 0.40%, to $98.93.<\/div>\n<div><\/div>\n<div>&#8220;Oil prices remain well-supported. This suggests \u2060the market is pricing in a significant risk premium, given the situation&#8217;s volatility,&#8221; analysts said in a \u200bnote on Tuesday.<\/div>\n<div><\/div>\n<div>&#8220;However, if flows continue uninhibited despite the geopolitical environment, the risk premium would likely erode slowly. Clearly, \u200bthere are no signs of this yet.&#8221;<\/div>\n<div><\/div>\n<div>At least 18 vessels were reportedly attacked over two weeks, which keeps the risk premium intact, shiptracker Kpler said in a note on Monday.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[26],"class_list":["post-48499","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-general_news","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices advanced on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48499\/revisions"}],"predecessor-version":[{"id":48501,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48499\/revisions\/48501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=48499"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=48499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}