# Crude Oil Gains for Third Straight Session as Supply Risks Escalate

- URL: https://stocks.freetheai.org/news/crude-oil-gains-for-third-straight-session-as-supply-risks-escalate-158181
- Published: 2026-10-12T14:37:01Z
- Category: commodities; sentiment: bullish; impact: medium
- Symbols: [NYMEX:CL1!](https://stocks.freetheai.org/symbols/NYMEX-CL1!)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Crude Oil Futures (NYMEX:CL1!) rose over 2% on Monday, climbing above $93.80 a barrel to extend gains for a third consecutive trading session. The upward trajectory comes as intensified military conflicts in Eastern Europe and the Middle East revive concerns over potential disruptions to energy supplies.

In Eastern Europe, ongoing strikes against energy infrastructure targeted a gas-production facility, undermining a previously announced energy ceasefire between Ukrainian President Volodymyr Zelenskyy and US President Donald Trump. Meanwhile, escalation continued in Saudi Arabia following drone and missile strikes around Riyadh's airport, alongside reported attacks from Iran-backed Houthi militants in Yemen and tanker security threats in the Strait of Hormuz.

While crude oil shipments originating from the Persian Gulf have stayed relatively resilient, market participants are keeping a close eye on whether escalating regional instability will directly impact maritime trade paths or crude production going forward.

## Key points

- Crude oil futures advanced more than 2% to $93.84 per barrel, marking a third consecutive day of price increases.
- Strikes against energy infrastructure damaged a gas-production facility, disrupting a previously announced ceasefire.
- Drone and missile strikes in Saudi Arabia and shipping incidents in the Strait of Hormuz heightened Middle East risks.
- Persian Gulf crude exports have stayed relatively strong despite expanding maritime security threats.

## Questions and answers

### Why did crude oil prices increase on Monday?

Crude oil prices rose due to heightened supply fears following renewed attacks on energy infrastructure in Ukraine and escalating military conflict across the Middle East.

### How much did crude oil futures rise?

Crude oil futures rose more than 2% to trade at $93.84 per barrel, extending their winning streak to three straight sessions.

### Have Persian Gulf oil exports been disrupted?

Despite recent security threats to tankers near the Strait of Hormuz, crude exports out of the Persian Gulf have remained relatively strong.