WTI crude oil prices rebounded sharply during the week of October 12, 2026, climbing from around $89–$91 early in the period to settle near $95 on October 14 amid heightened geopolitical supply risks. Escalating Houthi attacks on Saudi Aramco facilities and shipping lanes near the Strait of Hormuz added a notable risk premium, while the IEA highlighted persistent global diesel tightness into 2027. Offsetting pressure came from prospects of renewed Russian diesel exports following U.S. diplomatic efforts, though market skepticism limited the downside. Traders are monitoring the October 15 EIA inventory release and any further Middle East developments for signals on near-term price direction, with benchmarks reflecting elevated volatility relative to the 52-week range of roughly $55–$119.