Brent was trading at US$ 111.10 per barrel and West Texas Intermediate (WTI) at US$ 98.98, both up by around 2% from Wednesday, after the Yemeni Houthis struck an oil field in Saudi Arabia and another international airport, according to OilPrice.

Gulf countries exported 24.6 million barrels per day in the week ending 18 October, above the pre-war 23.3 million, according to Kpler data, in a Middle East Eye report.