Oil prices achieved monthly gains during October, after rising for the fourth week in a row◀ This increase comes during a month that witnessed an escalation of geopolitical tensions in the region, and reports of oil tankers being targeted, while traders await the possibility of an escalation in the conflict between America and Iran following the mid-term elections in the US Congress. Brent crude oil futures rose during this month's trade by about 13.63%, reaching $117.64 per barrel with Friday's settlement, the highest settlement level since last April 29. Crude futures in the US rose during the month by about 15.15% and reached $104.12 per barrel in the settlement of Friday transactions.

Oil prices achieved monthly gains during October, after rising for the fourth week in a row◀ This increase comes during a month that witnessed an escalation of geopolitical tensions in the region, and reports of oil tankers being targeted, while traders await the possibility of an escalation in the conflict between America and Iran following the mid-term elections in the US Congress. Brent crude oil futures rose during this month's trade by about 13.63%, reaching $117.64 per barrel with Friday's settlement, the highest settlement level since last April 29. Crude futures in the US rose during the month by about 15.15% and reached $104.12 per barrel in the settlement of Friday transactions.