Oil prices rose while gold fell toward $4,100 an ounce as renewed Middle East hostilities heightened concerns about energy-supply disruptions and prolonged inflation. Brent gained 1.2% to $110.11 a barrel and U.S. West Texas Intermediate crude rose 1% to $98.12 at 00:34 GMT, while XAU/USD fell 0.6% to $4,115.72 an ounce and U.S. gold futures declined 0.4% to $4,132.22 at 20:52 ET (00:52 GMT). Houthi attacks in Saudi Arabia, including a drone strike on Saudi Aramco’s Shaybah oil field that killed two people, prompted the United States to order non-emergency government employees and some family members to leave missions in the Kingdom. Shipping risks also increased, with Kpler recording at least 18 attacks over two weeks and LSEG analysts saying tanker targeting had extended beyond the Strait of Hormuz into the Gulf of Oman. Higher Treasury yields weighed on non-interest-bearing gold ahead of the Federal Reserve’s October 27-28 meeting, while markets expected the Federal Reserve, European Central Bank and Bank of Japan to hold rates next week but continued to anticipate a possible U.S. rate increase in December. U.S. crude inventories fell by 3.06 million barrels to 412.5 million, while distillate stocks rose by 1.68 million barrels to 104.3 million.