Oil price today: Brent crude was trading around $108 a barrel and U.S. WTI near $102 as markets reacted to new strikes on Saudi energy infrastructure and attacks on ships in the Middle East, Reuters reported.
Front-month Brent crude futures were quoted around $107.82–$108.65 per barrel and U.S. WTI near $102.82–$103.54 in Reuters’s trading update on Sept. 14, 2026, showing gains of about 3% on the session, according to the article.
Reuters said the jump followed strikes that forced a temporary shutdown of Saudi Arabia’s East-West pipeline, a disruption that the outlet reported could threaten up to 4% of global oil supply if it lasts beyond available storage, citing Saudi and industry sources.
Analysts quoted by Reuters noted inventories could cover only about five to seven days of exports from the affected Red Sea port of Yanbu, leaving the market sensitive to further outages; Janiv Shah of Rystad was named in the Reuters piece warning the cushion is limited.
The Reuters report also linked the price gains to attacks on vessels in the Strait of Hormuz and renewed regional tensions, which have pushed Brent above $100 earlier this month and helped lift U.S. diesel and fuel costs, the article said.
Markets have reflected the supply worry: several trading updates this week showed Brent and WTI climbing after the incidents, and Reuters’s coverage cited the pipeline outage and ship strikes as the immediate drivers of the latest move.
For broader context on the recent surge above $100 and the market reaction, see earlier site coverage of September moves and the relation between crude and stock-market sentiment in this week’s updates.
Sources
- Reuters — reported the day’s Brent and WTI price ranges, the pipeline shutdown, the “up to 4%” supply risk and analyst comments.
- Internal coverage — historical context and related reporting on oil above $100 and market impact: oil prices stay above $100 and oil prices rise about 3% after strikes.
