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Oil Prices Retreat From Nearly Six-Month Highs Despite Supply Concerns

Oil prices fell on Monday after approaching their highest levels in nearly six months late last week, as concerns over supply disruptions persisted following Houthi attacks on Saudi Arabia.

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Oil prices declined as they approached their highest levels in six months, with continuing concerns about supplies caused by attacks on Saudi Arabia, while Riyadh plans to store crude in Singapore starting in the second half of 2027.

Oil prices fell on Monday after last week's rally to their highest levels in nearly six months on hopes of a lull in hostilities between the United States and Iran, although continued attacks on Saudi Arabia, a key producer, kept investors cautious.

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aljazeera.net broke the news on Monday, October 26, 2026.
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