Wednesday, October 7, 2026 | 6:45 AM ET Brent (December) $101.72 | WTI (November) $89.85 Brent +$1.14 (+1.13%), WTI +$0.41 (+0.46%). Brent dipped toward $97 Tuesday but settled above $100. The IEA governing board holds an informal meeting at 1300 local time (1100 GMT) to discuss a proposed release of oil and diesel stocks, per two EU diplomats. A storm forecast to become the first Atlantic hurricane of 2026 is heading for US Gulf oil and gas facilities, and Chevron, Shell a

Brent (December) $98.12 | WTI (November) $87.43 Brent -$2.20, WTI -$2.00. ICE October gasoil fell as much as 5.3% after Interfax reported Russia may lift its diesel export ban for some producers in October, and the gasoil crack lost as much as $5.56 a barrel. Gulf oil flows excluding Iran rose to over 81% of pre-war levels in September, while Iranian exports fell to zero under the US blockade. Bottom Line The September export data show the recovery is lopsided. Vortexa puts

Friday, October 2, 2026 | 6:45 AM ET Brent (December) $99.74 | WTI (November) $89.34 Brent -$2.57 (-2.51%), WTI -$3.53 (-3.8%). For the week, Brent is down about 4.1% and WTI about 3.2%. EU governments discussed a French proposal Friday to release 50 million barrels of diesel from European stockpiles alongside a 50 million barrel IEA crude release, a direct response to US pressure over a potential diesel export ban. Bottom Line Saxo's Ole Hansen's framing captures why the wh

Thursday, October 1, 2026 | 6:45 AM ET Brent (December) $100.09 | WTI (November) $92.48 Brent +$2.06 (+2.1%) on the new front-month contract after November settled Wednesday at $103.50, a roughly 14% monthly gain for the front month in September. WTI +$2.06 (+2.28%). Chinese refiners have suspended fuel exports to everywhere except Hong Kong and Macau until further notice, four people briefed on the matter told Reuters. Prices swung more than 1% lower early in the session bef

Wednesday, September 30, 2026 | 6:45 AM ET Brent (December) $97.23 | WTI (November) $90.28 Brent rose $1.07 (+1.11%) to $97.23 and WTI added 90 cents (+1.01%) to $90.28 as of 6:10 AM ET, with December taking over as the Brent front month(tomorrow). November Brent expires today at $103.83 on thin volume. The overnight lows were $95.14 for Brent(dec) and $88.58 for WTI. Axios reported Tuesday evening that the Qatari shuttle yielded little, with officials on both sides now treat

Tuesday, September 29, 2026 Brent (November) $104.91 | WTI (November) $92.27 Brent slipped 37 cents (-0.35%) to $104.91 and WTI eased 33 cents (-0.36%) to $92.27 by 6:15 ET, fading from an overnight rally that had taken Brent to $106.77 late Monday. Trump publicly denied offering Tehran any sanctions relief and Reuters reported the White House is leaning toward broader red-dyed diesel sales as an alternative to an export ban. Bottom Line Overnight the diplomatic track took a

Friday, September 25, 2026 | 6:45 AM ET Brent (November) $105.52 | WTI (November) $92.93 Brent -$1.08 (-1%), WTI -$1.68 (-1.8%). For the week, Brent is up 1.5% while WTI has dropped 7.4%. Saudi Arabia intercepted six ballistic missiles aimed at Taif and the Yanbu area Thursday. US and Iranian negotiators in New York are reportedly exploring a phased path involving Hormuz reopening in exchange for lifting the US blockade. The WTI-Brent spread hit $12.83, its widest since May,

Thursday, September 24, 2026 | 6:30 AM ET Brent (Nov) $104.58 | WTI (Nov) $93.21 Brent +$1.50 after touching $106.50 intraday, WTI +$1.05. Reports say Iran gave the US one week to meet its publicly stated demands, chiefly lifting the naval blockade. A senior Iranian official told Reuters Tehran and Washington remain divided but diplomacy must continue, a day after Iran's president told the UN General Assembly Tehran would never surrender to US pressure. A White House official

Wednesday, September 23, 2026 | 6:45 AM ET Brent (Nov) $99.00 | WTI (Nov) $89.65 Brent -0.25 after hitting $97.36 Tuesday, its lowest since September 8; WTI -0.87, its lowest since September first. European low-sulphur gasoil's premium to Brent hit a record near $95 a barrel after Trump said he backs a U.S. diesel export ban. Saudi Arabia confirmed the East-West pipeline restarted Tuesday and is resuming Yanbu exports; the kingdom also offered more barrels to Asian refiners f

Tuesday, September 22, 2026 | 6:30 AM ET Brent (November) $98.23 | WTI (October, expiring today) $93.28 | WTI (November) $89.80 Brent -$2.11, expiring October WTI -$2.50, November WTI -$2.57. A senior Iranian official told Kyodo News that Tehran could reopen Hormuz within seven days if the U.S. takes initial steps to ease military pressure. Just as this brief was being finalized, Reuters reported Saudi Arabia has restarted its East-West pipeline at a low pumping rate and coul

Monday, September 21, 2026 | 7:00 AM ET Brent (November) $100.47 | WTI (October, expiring Tuesday) $97.12 | WTI (November) $92.93 Brent -$3.41, expiring October WTI -$3.18, November WTI -$3.15. Both benchmarks touched their lowest since September 10 on hopes for diplomatic movement around this week's UN General Assembly, where Trump said he'd be open to meeting Iranian President Pezeshkian. Satellite data cited by JPMorgan shows Saudi crude moving through Hormuz averaged 2.9

Friday, September 18, 2026 | 6:45 AM ET Brent (November) $102.81 | WTI (October) $100.78 Brent -$2.01, WTI -$1.13, cooling further from this week's near four-month highs. Saudi Arabia and the Houthis exchanged fresh cross-border strikes Thursday, but markets largely shrugged it off. Saudi Aramco has sold roughly 60 million barrels from Ras Tanura for ship-to-ship loading at Oman's Sohar port this month and next, lifting its from-the-Gulf exports back to 1-1.5 million bpd, sim

Thursday, September 17, 2026 | 6:45 AM ET Brent (November) $103.68 | WTI (October) $100.63 Brent -$2.15, WTI -$1.80, extending Wednesday's roughly $3 drop as Saudi Arabia keeps offering additional crude to Asian refiners via Sohar and Energy Secretary Chris Wright told CNBC the East-West pipeline should be flowing again within days. Both benchmarks remain above $100 on lingering fears the conflict could widen further. Repair timelines remain unclear from independent sources:

Tuesday, September 15, 2026 | 6:15 AM ET Brent (November) $107.35 | WTI (October) $103.53 Brent +$1.67 (+1.6%), WTI +$2.14 (+2.1%). Hormuz crossings fell to four Monday from 10 the prior day. Oman's Maritime Security Centre said the Panama-flagged tanker El Gaia is being towed to port after an engine-room fire from an attack. Half of Russia's six top diesel-producing refineries have significantly cut back or fully halted output this month after drone strikes, with Kirishi ful

Friday, September 11, 2026 | 6:45 AM ET Brent (November) $103.88 | WTI (October) $99.15 Brent -$3.75 (-3.5%), WTI -$3.33 (-3.3%), both off session highs after the Financial Times reported Middle East foreign ministers are working on a temporary deal with Iran to manage Hormuz shipping. Still up more than 7% for the week and more than 6% Thursday alone. Houthis seized Yemen's port of Mocha Thursday, a further threat to Red Sea traffic. Hormuz transits fell to seven Thursday f

Thursday, September 10, 2026 | 6:40 AM ET Brent (November) $101.66 | WTI (October) $97.04 Brent +0.45, WTI +0.99, up nearly 30% from early August lows. Iran said it attacked 10 ships near Hormuz Wednesday after the U.S. sank five Iranian oil tankers, the largest shipping attacks of the six-month conflict; the IRGC vowed to escalate further if attacked again. Dated Brent has traded above $100 since September 3, per LSEG. The benchmark VLCC rate from the Middle East to China ha

Wednesday, September 9, 2026 | 6:40 AM ET Brent (November) $100.73 | WTI (October) $95.25 Brent +$2.81, touching $100.95 intraday, WTI +$2.22. The IRGC struck Jordan's Al-Azraq Air Base with ballistic missiles, per Fars, targeting maintenance hangars and shelters housing U.S. fighter jets; Jordan's army said it intercepted 18 of the missiles with two others landing in uninhabited areas. CPC's Black Sea terminal at Novorossiysk was hit by drones Wednesday morning, damaging the

Tuesday, September 8, 2026 | 7:00 AM ET Brent (November) $98.39 | WTI (October) $93.73 Brent +$1.39 (+1.4%), WTI +$2.25 (+2.5%), after touching $99.46 and $94.73 intraday, the highest since July 24 and June 8 respectively. Houthi attacks wounded 73 people and halted operations at some Saudi energy facilities, which Saudi authorities called a dangerous escalation. Iran threatened the U.S. with "economic warfare" and said it fired an advanced missile at U.S. warships, days afte

Friday, September 4, 2026 | 6:45 AM ET Brent (November) $94.86 | WTI (October) $90.40 Brent -0.66, WTI -0.90 on the day, but Brent up 6.6% and WTI up 8.8% for the week, WTI's strongest weekly performance since July 13. National average diesel hit a record $5.820 a gallon Thursday, per GasBuddy, topping the June 2022 post-invasion high. Just four vessels transited Hormuz Thursday, well below the 10-day average of about 15. Citi raised its Q3 Brent forecast to $86 from $80; ANZ

Thursday, September 3, 2026 | 7:00 AM ET Brent (November) $97.39 | WTI (October) $92.92 Brent +$1.76 (+1.8%), WTI +$1.91 (+2.1%), a fourth straight day of gains after erasing earlier session losses. Iran's health ministry said eight people were killed and 108 wounded in Tuesday's U.S. strikes, with the Red Crescent reporting four killed and 67 wounded at a wedding near the strait's coast. Israeli Defense Minister Israel Katz renewed warnings Israel would "cripple" Iran's mili