# Explainer: Why isn't oil above $100 despite supply disruptions? | Reuters

> 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.

- Date: 2026-09-08 · published 2026-09-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/17662-explainer-why-isn-t-oil-above-100-despite-supply-disruptions-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-01-13 | [Oil prices rise by more than $1 a barrel on potential Iran supply disruption \| Reuters](https://feedsoft.ai/events/11389-oil-prices-rise-by-more-than-1-a-barrel-on-potential-iran-supply-disruption.md) | +1.4% | +8.5% |
| BRENT | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | +7.5% | +9.7% |
| BRENT | 2020-01-07 | [US, Iran tensions: Oil traders fear supply disruptions in Middle East](https://feedsoft.ai/events/55332-us-iran-tensions-oil-traders-fear-supply-disruptions-in-middle-east.md) | -7.8% | -22.1% |
| BRENT | 2020-02-01 | [Oil Pares Gains as Plentiful Supply Tempers Libya Disruption](https://feedsoft.ai/events/55267-oil-pares-gains-as-plentiful-supply-tempers-libya-disruption.md) | -6.0% | -12.2% |
| BRENT | 2024-01-20 | [Oil supply tightens in Europe over Red Sea disruptions \| Israel-Palestine conflict News \| Al Jazeera](https://feedsoft.ai/events/32313-oil-supply-tightens-in-europe-over-red-sea-disruptions-israel-palestine.md) | +4.8% | +5.7% |
| WTI | 2026-01-13 | [Oil prices rise by more than $1 a barrel on potential Iran supply disruption \| Reuters](https://feedsoft.ai/events/11389-oil-prices-rise-by-more-than-1-a-barrel-on-potential-iran-supply-disruption.md) | +1.5% | +7.9% |
| WTI | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | -1.5% | +5.6% |
| WTI | 2020-01-07 | [US, Iran tensions: Oil traders fear supply disruptions in Middle East](https://feedsoft.ai/events/55332-us-iran-tensions-oil-traders-fear-supply-disruptions-in-middle-east.md) | -8.1% | -21.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/why-isnt-oil-above-100-despite-supply-disruptions-2026-09-08/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.