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ICE Brent repeatedly dipped below $100 a barrel but kept settling above that level as Hormuz flows recovered toward 80% of capacity. Speculators cut their net long position to its smallest since early August, and Saudi Arabia lowered its official selling price for November-loading Arab Light.
Recovering Hormuz flows and lower Saudi pricing point to looser crude supply, a modest bearish factor against persistent geopolitical risk premium.
tmgm-asia.comFXStreet Insights TeamOct 5, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
