Oil keeps rising on Middle East tensions

West Texas Intermediate (WTI) crude rose 1.01% to $95.09 a barrel on October 14, 2026, driven by geopolitical tensions in the Middle East, according to Banca y Negocios. The increase reflects a resurgence of fighting and reports of attacks on strategic points for global energy trade.

The same day, Brent crude from the North Sea gained 0.35% to reach $106.06 a barrel for December delivery, according to the outlet's report. The International Energy Agency (IEA) warned that the recent intensification of attacks on energy infrastructure and tanker traffic threatens to disrupt the global crude supply.

This volatility in hydrocarbon markets feeds directly into importing economies and adds pressure to the cost of living. In Europe, for example, higher energy prices are showing up in recent inflation trends that are eroding household purchasing power, according to France 24.