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$120 Oil Is Almost Here, and Trump Has Few Good Options
Brent crude nears $120 as escalating Saudi-Houthi tensions fuel another weekly oil price rally, putting fresh pressure on Trump. Friday, October 23, 2026 The slow creep of oil prices towards the $120 per barrel mark is a nightmarish scenario for US President Trump, even though there has been little fundamental change in the crude oil markets. A slight drop in freight rates and a ubiquitous flattening of backwardated curves lowered differentials of most grades globally, offsetting some of the pressures coming from higher crude benchmarks. Be that…
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This article lines up with London gold vs COMEX, What is COMEX gold?, and Reading today’s gold: BOT vs COMEX. Figures are for reference only — not a shop or bank board price.
- London gold vs COMEXLondon-gold searches meet a COMEX reference here. The global London row is FX only — no invented fix.
- What is COMEX gold?How to read USD/oz futures and relate them to jewelry quotes.
- Reading today’s gold: BOT vs COMEXHow COMEX USD and BOT FX make a theoretical index — not a shop board.
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