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News 2026-10-05 04:02 UTC

Brent Slips as Supply Outlook Improves

Brent crude fell toward $101 per barrel on Monday, giving back some of last week’s gains as signs of increasing global supply outweighed concerns over persistent geopolitical risks in the Middle East. On Friday, G7 countries agreed to release 100 million barrels of crude and diesel from emergency reserves while pledgin