Brent rose to about $115.5 a barrel on October 28, up roughly 20% in a month. Houthi attacks on a Saudi refinery and the US–Iran conflict around Hormuz are adding to supply worries. Watch for Gulf headlines and any ceasefire talk. The ICE Brent front-month settlement on Friday, November 6, settles it. Resolves to the ICE Brent front-month settlement price on Nov 6, 2026.
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Brent rose to about $115.5 a barrel on October 28, up roughly 20% in a month. Houthi attacks on a Saudi refinery and the US–Iran conflict around Hormuz are adding to supply worries. Watch for Gulf headlines and any ceasefire talk. The ICE Brent front-month settlement on Friday, November 6, settles it. Resolves to the ICE Brent front-month settlement price on Nov 6, 2026.
See what others are saying about this prediction