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Oil Hits Sixth Straight Loss as U.S.-Iran Talks and Saudi Pipeline Restart Ease Supply Fears
energy16 days ago

Oil Hits Sixth Straight Loss as U.S.-Iran Talks and Saudi Pipeline Restart Ease Supply Fears

Crude oil prices fell for a sixth consecutive day on September 23, 2026, marking the longest losing streak since August 2025. Brent crude dropped approximately 1% to $98.30, while WTI crude declined 1.4% to $89.49. The decline was driven by optimism following the first U.S.-Iran diplomatic talks in months, held on the sidelines of the UN General Assembly in New York. Additionally, Saudi Arabia’s East-West pipeline, closed for over 10 days due to drone attacks, resumed partial operations. Aramco aims to restore flows to 4 million barrels per day within weeks, reducing supply concerns related to the Strait of Hormuz.

via Crude Oil Prices Today | OilPrice.com|
#energy#oil-prices#saudi-aramco
Oil slips as Gulf supply outlook brightens with Hormuz reopening chatter
energy17 days ago

Oil slips as Gulf supply outlook brightens with Hormuz reopening chatter

Oil prices dipped to a two-week low as Gulf supply prospects improved: Iran suggested the Strait of Hormuz could reopen within seven days if US pressure eases, and Saudi Arabia was set to resume exports from Yanbu after a pipeline restart. Brent traded around $98.23 a barrel and WTI around $93.30, with front-month contracts hitting their lowest levels since early September. Analysts expect limited downside unless Hormuz-linked supplies rise further, even as diesel shortages persist in Europe and the US amid broader geopolitics.

via Yahoo Finance|
#brent-crude#energy#gulf-of-hormuz
Oil Prices Rebound as Diplomacy Keeps Market on Edge
energy17 days ago

Oil Prices Rebound as Diplomacy Keeps Market on Edge

Oil prices reversed recent losses and moved higher as traders weighed potential progress in U.S.-Iran diplomacy ahead of a UN General Assembly session, with Brent around $101.69 and WTI near $93.38. Analysts describe the move as a likely short-covering bounce rather than a fundamental shift, while some remain bullish on upside driven by Middle East supply risks; meanwhile, the G7 urged Iran to stop arming the Houthis amid attacks on Saudi energy infrastructure.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#middle-east-geopolitics
Goldman Sachs: Demand Destruction Could Temper Oil's Tight Market
energy4 months ago

Goldman Sachs: Demand Destruction Could Temper Oil's Tight Market

Goldman Sachs’ commodity team says rising oil prices are already eroding global demand, with May demand destruction estimated around 2 million barrels per day, potentially offsetting the physical tightness of supply. They also flag a possible $10 downside risk to Brent in Q4 as demand weakens, even as Middle East supply concerns remain a source of upside risk; Energy Aspects warns Chinese imports may fall to pandemic-era lows, and current prices hover in the $90s amid ongoing geopolitics and industry warnings of shortages.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#goldman-sachs
Oil Steady as Trump-Xi Summit Opens Amid Iran War Stalemate
markets4 months ago

Oil Steady as Trump-Xi Summit Opens Amid Iran War Stalemate

Oil prices held near multi-week highs with Brent around $106 a barrel and WTI near $101 as the Trump-Xi meeting opens, set against a stubborn Iran war that has kept global inventories tight; Iran's crude shipments remain constrained by sanctions and a US naval blockade, satellite imagery shows Kharg Island export facilities idle, and analysts say the market will stay undersupplied through October even if diplomacy progresses.

via Yahoo Finance|
#brent-crude#iran-war#markets
Kalshi traders wager 2026 oil could hit fresh highs
business5 months ago

Kalshi traders wager 2026 oil could hit fresh highs

Traders on Kalshi think U.S. WTI crude could reach around $120–$127 per barrel in 2026, with more than a 50% chance of testing roughly $127 and about a 63% chance to cross $120, even as prices hover above $113 and Brent hits post‑war highs. Sentiment has narrowed from earlier bets on prices above $150, reflecting ongoing geopolitical uncertainties and supply dynamics amid the Iran ceasefire, but a price surge remains a focal point for market participants.

via CNBC|
#2026-outlook#business#kalshi
Oil slips as Iran talks loom and Middle East truce extended
energy5 months ago

Oil slips as Iran talks loom and Middle East truce extended

Oil prices fell after reports that Iranian Foreign Minister Araghchi will travel to Pakistan for peace talks, with Brent down to about $104.63 and WTI near $94.75 as Israel and Lebanon extended their truce by three weeks. The ongoing closure of the Hormuz Strait keeps energy-security concerns front and center, with analysts warning the disruption could raise costs and pressure political concessions, while the IEA warns of a looming energy-security crisis amid these tensions.

via CNBC|
#brent-crude#energy#iran-us-tension
Hormuz Crisis Poised to Push Oil Prices Higher as Supply Drought Widens
energy6 months ago

Hormuz Crisis Poised to Push Oil Prices Higher as Supply Drought Widens

A prolonged closure of the Strait of Hormuz and Middle East supply cuts are expected to push oil prices higher, with Brent and other regional benchmarks rising while U.S. WTI remains discounted; Asia is already rationing fuel and paying steep premiums for crude to replace the lost supply, and shortages could spread to Europe by April, potentially driving prices toward $150 per barrel if disruptions persist.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#oil-prices
commodities7 months ago

Oil slides as US–Iran talks resume and tariffs cloud demand

Oil prices slipped about 1% as the US and Iran prepared for a third round of nuclear talks in Geneva, easing fears of conflict, while Trump’s tariff hike added growth-uncertainty that weighed on demand. Brent traded around $70.89 a barrel and WTI around $65.63, with analysts noting an Iran risk premium but potential sanctions relief that could boost supply; Goldman Sachs also warned of downside risk to 2026 prices if sanctions relief or other disruptions accelerate supply, though a global surplus is forecast if none materializes.

via Investing.com|
#brent-crude#commodities#oil
Brent Reaches $71+ on Iran-Tension Fears roiling oil markets
energy7 months ago

Brent Reaches $71+ on Iran-Tension Fears roiling oil markets

Brent crude climbed above $71 and WTI traded around $66 as traders priced in the risk of U.S. military action against Iran, citing stalled diplomacy and potential disruptions to Iranian supply and Persian Gulf flows through the Strait of Hormuz; the market appears tighter due to sanctions dynamics and a steeper Brent curve amid stalled Russia-Ukraine talks.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#geopolitical-risk