October 23: Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia Brent crude futures touched an intraday high of $114, according to Economic Times - Top News.
What Happened
Brent crude futures touched an intraday high of $114. 94 a barrel on Friday after Houthi attacks on Saudi Arabia’s civilian and energy infrastructure, with India’s crude basket averaging $120. 08 so far this month; Adani Total Gas raised CNG prices by ₹4.
Hindustan Zinc shares fell sharply on Friday after India issued permits to import 6,500 metric tonnes of silver over the next six months to meet festive-season demand. The move could ease domestic premiums amid weak demand, while silver futures declined around 3% (Economic Times - Top News).
Key Details
- Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia Brent crude futures touched an intraday high of $114
- 94 a barrel on Friday after Houthi attacks on Saudi Arabia’s civilian and energy infrastructure, with India’s crude basket averaging $120
- 08 so far this month; Adani Total Gas raised CNG prices by ₹4
Background
The business landscape continues to evolve as companies navigate economic challenges and opportunities in domestic and global markets.
Why It Matters
The technology sector may see ripple effects from this development.
What Happens Next
Updates will be provided as more information becomes available.
Verification: This report is based on 2 source(s) (The Hindu - Business, Economic Times - Top News). Last verified: 23 October 2026, 09:00 PM IST.
Language link: Read this news in Tamil
Sources
- Primary: The Hindu - Business - Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia
- Secondary: Economic Times - Top News - Hindustan Zinc shares drop 4% as India allows large silver imports despite weak demand
Disclaimer: Some details in this story are based on preliminary reports and may be updated as more information becomes available.
Comments
Post a Comment