Canada Commodities: Oil Prices Jump as Middle East Violence Continues
MT newswire2026/10/08 13:5109:51 AM EDT, 10/08/2026 (MT Newswires) -- Oil prices jumped Thursday morning as attacks by Yemen's Iran-backed Houthis against Saudi Arabia infrastructure and military targets continued. The Saudi coalition in Yemen intercepted missiles aimed at the kingdom, media outlets reported. UK Maritime Traffic Operations also received a report of an attack against an oil tanker off Qatar that had been struck by "multiple projectiles", causing casualties. Meanwhile NBC said President Trump is talking about restarting US military operations in Iran in the coming weeks, the network said. West Texas Intermediate November crude oil futures, the US benchmark, climbed 4.5% to $92.24 per barrel. December Brent oil futures, the international benchmark, advanced 4.4% to $104.62 a barrel. Comex gold December futures edged up 0.1%, to to $4,146.30 per ounce. In agricultural commodities, December wheat futures rose 0.1% to $6.87 per bushel, while canola futures for November was 1.3% to CA$821.00 per tonne.
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