Oil Rises As Hormuz Shipping Attacks Fuel Supply Fears -- Market Talk
Dow Jones2026/10/21 07:320732 GMT - Oil prices rise in early European trading, as continued attacks on shipping in the Strait of Hormuz threaten flows, while U.S. industry data points to falling crude and product inventories. "Oil markets have held onto their recent gains, shaking off headlines on the diplomatic stance between Iran and the U.S.," says Soojin Kim, analyst at MUFG. Brent crude is up 0.9% to $109.80 a barrel, while WTI futures gain 0.9% to $98.72 a barrel. According to reports citing American Petroleum Institute data ahead of official EIA figures later on Wednesday, U.S. crude stocks fell by 4.9 million barrels last week, along with draws in gasoline and distillate inventories. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
October 21, 2026 03:32 ET (07:32 GMT)
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