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Brent hit $100 per barrel on September 9 for the first time since late July, but prices have risen more gradually than the escalating Middle East conflict would suggest. The article attributes the restraint partly to China cutting its seaborne crude imports sharply in July and August.
Weaker Chinese crude demand is offsetting supply losses, which limits how far energy costs can pass through to feed and fuel prices. Buyers should still expect volatility while Middle East risk persists.
reuters.comFlorence TanSep 8, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
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.
