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Oil fell about 1% on October 1, with Brent at $96.92 and WTI at $89.18, as Gulf crude exports recovered and Saudi Arabia resumed loadings from Yanbu. A surprise 922,000-barrel rise in US crude inventories also eased supply concerns, while US-Iran diplomacy was in focus.
Restored Gulf flows and rising US stocks reduce the near-term supply risk that had lifted energy costs. Lower crude eases pressure on diesel and freight costs for feed buyers.
businesstimes.com.sgSep 30, 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.
