XLE is trading at $69.64, up 3.06%, as renewed Houthi attacks on Saudi energy infrastructure and fears of wider Middle East supply disruptions lifted crude prices.
- Brent reached a five-month high above $114, while WTI traded above $100.
- The rally extends supply-risk concerns after reports of tanker incidents in the Strait of Hormuz on October 22.
- Eni’s earnings and shareholder-return announcements may have supported the stock, but the broader oil-price surge is the clearest sector catalyst.