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News 2026-10-06 13:20 UTC

Brent Futures Decline Over 2% Amid Recovering Middle East Exports

Brent crude futures fell 2.6% to $97.73 a barrel on Tuesday, influenced by recovering Middle East export volumes. However, persistent shipping risks around the Strait of Hormuz and renewed conflict near the Bab al-Mandeb Strait continue to underpin market concerns.

News 2026-10-02 07:40 UTC

Oil Falls 1% Amid Mideast Tension and Export Recovery Fears

Oil prices saw a 1% decline as signs of recovering Gulf crude exports emerged, despite ongoing elevated tensions in the Middle East due to concerns over further military action and attacks on shipping. Brent crude for December delivery was down 1% at $101.26 a barrel in early European trading, with WTI futures also sli