---
symbol: "CL"
name: "Crude Oil"
date: 2026-10-13
change_pct: 2.659882426293751
direction: "up"
event_type: "geopolitical"
url: "https://perplo.app/why/CL/2026-10-13"
updated_at: 2026-10-13T01:06:29.238Z
---

# Why Crude Oil (CL) rose 2.66% on October 13, 2026

Crude Oil (CL) rose 2.66% on October 13, 2026 — Deadly Houthi strikes at Riyadh airport lift Gulf risk.

## What happened

Deadly Houthi strikes on Riyadh's airport left the Saudi capital's skies largely empty, raising Gulf security risk and sending crude up 2.7%.

## Why it moved

Attacks inside Saudi Arabia raise the risk of wider regional disruption to Gulf supply and shipping, and traders bid up crude to price that tail risk.

## Why it matters

Oil & Geopolitics has been lifted for weeks by Middle East supply losses and Hormuz disruption. However, recovery in Gulf flows, US supply and SPR releases has been weighing on prices, so this spike is an added risk…

## What would break the thesis

If Saudi authorities contain the attack and no energy infrastructure is threatened, crude will likely give back the gain.

## Sources

- [Skies over Saudi capital Riyadh largely empty after deadly Houthi strikes on airport - Reuters](https://news.google.com/rss/articles/CBMixgFBVV95cUxObGszbTdESk0xU0twcE1ZOHg4VFpzN2lzeWQ0ZDJseVpKczh6cE44eTNOb3ZDS3dnVnZJN3RCNE1wVDI0djVodU41LTN3WkVIemI0NWlucWpKY0tvU3JMeEM2YVN1OTBsdW5mZDVXeWhFcXdyQ1pGRjBVNTR6SmpBSXhzSXRObWtSTjlYcEJzOUxsX2Ezb28yZ1FrU083bzNpNmd2VlpjUkxnaE5PdEliNWpxeU5QNkp1V1JmcXlFdUJ1S01zcHc?oc=5) — Reuters
- [Bitcoin slips to $82.6k as rise in oil prices weigh on risk sentiment](https://www.investing.com/news/cryptocurrency-news/bitcoin-recovers-to-near-84k-as-falling-oil-prices-offer-some-support-4943235) — Investing.com
- [Trading Day: Fog of war](https://www.investing.com/news/economy-news/trading-day-fog-of-war-4945239) — Investing.com

---

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