{"id":440070,"date":"2026-10-14T17:02:21","date_gmt":"2026-10-14T10:02:21","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-extends-gains-as-houthi-attacks-on-saudi-arabia-escalate-raising-supply-disruption-risks-440070\/"},"modified":"2026-10-14T17:02:21","modified_gmt":"2026-10-14T10:02:21","slug":"crude-oil-extends-gains-as-houthi-attacks-on-saudi-arabia-escalate-raising-supply-disruption-risks","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-extends-gains-as-houthi-attacks-on-saudi-arabia-escalate-raising-supply-disruption-risks-440070\/","title":{"rendered":"Crude oil extends gains as Houthi attacks on Saudi Arabia escalate, raising supply disruption risks"},"content":{"rendered":"
\n

Oil prices remain
\n supported by escalating tensions in the Middle East. The Houthis have
\n intensified attacks against Saudi Arabia, including a reported strike on an
\n administrative building at Saudi Aramco’s Dhahran compound. <\/p>\n

Although the
\n incident did not confirm any direct loss of oil production, the risk of attacks
\n spreading to energy infrastructure, pipelines or export terminals is increasing
\n the risk premium. Any confirmed disruption to Saudi oil flows would add further
\n upward pressure to oil prices.<\/p>\n

Looking ahead, the
\n focus will remain on the Middle East developments. A breakthrough in US-Iran
\n negotiations will trigger a strong selloff in crude oil on improved supply
\n expectations. A prolonged stalemate or re-escalation, on the other hand, will
\n likely take oil prices back above the $100 level.<\/p>\n

\u00a0<\/p>\n

CRUDE OIL
\n TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that crude oil<\/a>(CFD contract) has extended
\n the gains further into new weekly highs. If the price pulls back into the lower
\n bound of the channel again, we can expect the buyers to step in, with a defined
\n risk below the channel, to position for a rally into the 110.00 resistance. The
\n sellers, on the other hand, will look for a break lower to pile in for a drop
\n into the 68.00 support next, with the 80.00 level as the first target.<\/p>\n

CRUDE OIL TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we have
\n a minor upward trendline defining the current bullish momentum. The buyers will
\n likely continue to lean on the trendline, with a defined risk below it, to keep
\n pushing into the 96.77 level. The sellers, on the other hand, will look for a
\n break lower to extend the pullback into the lower bound of the channel,
\n targeting a break below it.<\/p>\n

CRUDE OIL TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we can
\n see that the break of the minor downward trendline that was defining the pullback
\n into the 4-hour timeframe led to a rally as more buyers piled in on the break
\n to target the 96.77 level. If the price gets there, we can expect the sellers
\n to step in, with a defined risk above the level, to position for a drop into
\n the lower bound of the channel. The buyers, on the other hand, will want to see
\n the price breaking higher to increase the bullish bets into the 110.00 resistance
\n next. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a> we have the US CPI
\n report. Tomorrow, we get the US PPI, the US Retail Sales and the latest US
\n Jobless Claims figures. The focus, though, will remain on US-Iran negotiations.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices remain supported by escalating tensions in the Middle East. The Houthis have intensified attacks against Saudi Arabia, including a reported strike on an administrative building at Saudi Aramco’s Dhahran compound.…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440070","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440070"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440070\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}