Brent crude

EIA hikes oil price forecasts as Iran war drains stockpiles

The U.S. Energy Information Administration raised its oil price forecasts for this year and next on Tuesday, Oct. 6. The agency said global inventories are falling fast and diesel markets remain tight because of the war with Iran.

Saudi Aramco ramps up Gulf shipments as pipeline disruption reshapes oil flows

Saudi Aramco has halted crude oil deliveries to European and Indian refineries for October after drone strikes forced the shutdown of Saudi Arabia's East-West pipeline, disrupting a critical export route and reshaping global oil flows.

Oil surges past $108 as Saudi pipeline remains offline

Oil prices climbed on Tuesday as attacks on Saudi Arabian energy infrastructure kept the kingdom's East-West crude pipeline offline, deepening concerns that a prolonged outage could remove up to 4% of global oil supply. Brent crude hit a session high…

Brent crude tops $108 as US-Iran conflict roils global markets

Brent crude oil surged past $108 per barrel on Thursday, hitting its highest level since May, as escalating military exchanges between the United States and Iran stoked fears of prolonged disruptions to global energy supplies. The rally sent shockwaves through…

Brent crude tops $107 as Houthis reportedly strike Saudi oil pipeline

Reports emerged Friday of a Houthi strike on Saudi Arabia's East-West crude oil pipeline, with satellite imagery showing fire hotspots along the 1,200-kilometer Petroline near Medina, sending Brent crude surging above $107 a barrel and rattling global energy markets already…

EIA raises 2026 oil price forecast as Brent tops $100

The U.S. Energy Information Administration on Wednesday raised its oil price forecasts for 2026, projecting Brent crude to average around $91 per barrel for the full year — nearly 5% higher than its previous estimate — as the ongoing conflict…

China’s oil stockpiles helped avert energy crisis, S&P Global economist says

China's years of strategic crude oil stockpiling have helped shield the global economy from a deeper energy crisis as the U.S.-Iran conflict continues to disrupt supplies through the Strait of Hormuz, but that cushion may be wearing thin as Beijing…

Brent crude flirts with $100 as Houthi strikes on Saudi oil facilities escalate conflict

Crude oil prices climbed toward $100 a barrel this week as attacks on Saudi energy infrastructure intensified the Middle East conflict, while the Japanese yen surged to a seven-month high on mounting expectations of Bank of Japan policy tightening —…

Morgan Stanley says oil traders shun long bets as wars cloud outlook

Oil traders are retreating from longer-dated positions as the conflicts in Iran and Ukraine make it nearly impossible to forecast markets beyond the next few months, according to Morgan Stanley's co-head of global oil trading.

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Brent crude tops $100 as US-Iran conflict chokes Gulf shipping

Benchmark Brent crude oil futures breached $100 a barrel on Wednesday for the first time since July 24, as intensifying military conflict between the United States and Iran stoked fears of prolonged disruptions to energy flows from the Persian Gulf.…

Brent crude nears $100 as Middle East tensions rattle emerging markets

Brent crude surged toward $100 a barrel on Tuesday as escalating hostilities between the United States and Iran rattled energy markets, sending emerging-market assets lower just days ahead of a closely watched US inflation report.

Fuel prices surge in South Africa and UK as Brent crude tops $90

Motorists in South Africa and the United Kingdom are bracing for another round of painful fuel price increases in September, as the ongoing conflict involving the United States, Israel, and Iran continues to disrupt global oil markets and keep Brent…

Rabobank raises Brent forecast to $90 as Hormuz disruptions persist

The U.S. Energy Information Administration has raised its Brent crude forecast to $85 per barrel for the third quarter of 2026, an $11 increase from its previous estimate, as ongoing disruptions in the Strait of Hormuz continue to drain global…

Asian stocks fall as Treasury yield rebound rattles global markets

Asian stock markets opened broadly lower on Friday, August 21, tracking a sharp decline on Wall Street as rising bond yields and weak retail data from Walmart dampened risk appetite across the region.

Asian markets mixed as Japan’s GDP growth misses forecasts

Japan's Nikkei 225 climbed in early Monday trading even as government data showed the economy grew at a slower-than-expected pace in the second quarter, while the yen edged higher against the dollar as traders recalibrated expectations for US monetary policy.

Brent crude drops below $80 for first time since mid-July

Brent crude oil slipped below the $80 per barrel mark on Tuesday, falling to $78.88 — a decline of nearly 6% from the previous session — in what traders described as a sharp reversal after weeks of prices holding above…

Oil posts massive weekly gains as three chokepoints face simultaneous disruption

Simultaneous disruptions across the Red Sea, the Strait of Hormuz, and the Black Sea are threatening an unprecedented share of global oil supplies, sending crude prices toward their largest weekly gains in months even as a late-week pullback tempered the…

Oil nears $100 as depleted reserves leave markets exposed

Brent crude surged above $100 a barrel on Thursday for the first time since May, and analysts warn this rally is more perilous than earlier spikes in the US-Iran conflict because the world's strategic oil cushion has been largely spent.

Japanese investors dump $5.9B in foreign bonds as oil tops $100

Japanese investors sold foreign bonds at the fastest pace in nearly three months during the week ended July 18, as a surge in crude oil prices past $100 a barrel rekindled inflation fears and reinforced expectations that global interest rates…

Brent crude retreats after briefly topping $100 a barrel

Brent crude fell sharply on Friday after briefly breaching $100 per barrel the previous session for the first time since May, as concerns over weakening Chinese demand and the prospect of additional OPEC+ supply increases outweighed geopolitical supply risks stemming…

JPMorgan says each extra month of Iran war adds $7-$8 to Brent crude

As oil markets reel from renewed hostilities between the United States and Iran and a fresh threat to Red Sea shipping, JPMorgan has quantified the cost of a prolonged conflict: each additional month of disruption could add roughly $7 to…

OPEC+ set to raise output again as Brent tops $100

OPEC+ is widely expected to approve another production increase of 188,000 barrels per day for September when its seven key members convene virtually on August 2, continuing a pattern of modest monthly quota hikes even as Brent crude has surged…

Goldman Sachs holds $80 Brent forecast, warns of $120 risk

Goldman Sachs The Goldman Sachs Group, Inc. is holding firm on its $80-per-barrel Brent crude forecast for the fourth quarter of 2026, balancing expectations that a US-Iran diplomatic framework will restore Persian Gulf oil flows against the possibility that the…

Flash PMI data shows global recovery amid US-Iran energy shock

Business activity across the eurozone and parts of Asia picked up in July, according to flash purchasing managers' index data released this week, signaling gradual economic expansion even as a fresh spike in energy prices threatens to weigh on growth…

Brent crude tops $100 as oil rally deepens tech bond selloff

Corporate bonds issued by major U.S. technology companies came under renewed pressure on Thursday as two forces converged: mounting investor anxiety over the scale of debt-fueled AI infrastructure spending and a sharp rally in oil prices that pushed Brent crude…

Brent crude surges past $100 as Hormuz crisis deepens

Brent crude surged past the $100 mark on Wednesday, crossing the psychologically critical triple-digit threshold for the first time since the initial weeks of the Strait of Hormuz crisis in March, as renewed disruptions to shipping through the vital waterway…

Brent crude briefly tops $100 as Middle East attacks rattle oil and bond markets

The bond market sell-off deepened on Thursday as Brent crude briefly topped $100 per barrel for the first time since late May, driving U.S. Treasury yields higher and intensifying fears that energy-driven inflation will force the Federal Reserve to raise…

Brent crude hits $100 as Houthis strike Saudi tankers in Red Sea

Global oil prices surged toward $100 per barrel on Thursday as Yemen's Houthi militia struck two Saudi oil tankers in the Red Sea, compounding supply fears already stoked by the ongoing U.S.-Iran conflict and the near-closure of the Strait of…

Yen hovers near 40-year low as US-Iran conflict fuels dollar demand

The Japanese yen weakened to a two-week low on Monday, hovering near its weakest level against the dollar since 1986, as the escalating US-Iran military conflict fueled demand for the greenback and rattled global markets.

Brent crude surges as Hormuz shipping grinds to a halt

Brent crude oil surged to $88.10 per barrel on Friday, July 17, its strongest daily gain in months, as renewed fighting between the United States and Iran throttled shipping through the Strait of Hormuz while Russia's ban on diesel exports…