# Brent crude oil nears $104 per barrel: Here's why

> Brent climbed to about $104 and touched $106 on September 10, its first time above $100 since May. Traders are watching the largest shipping attacks since the Iran conflict began, and Saudi output has dropped to a yearly low. Chinese buying is also cited as supporting prices.

- Date: 2026-09-10 · published 2026-09-10T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent war risk and falling Saudi output keep crude and fuel prices elevated, raising operating costs for feed mills and farms. Chinese demand is a key swing factor for the direction of prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +10.8% | +22.9% |
| BRENT | 2026-07-23 | [Brent crude tops $100 a barrel. How the next stop could be $120](https://feedsoft.ai/events/9929-brent-crude-tops-100-a-barrel-how-the-next-stop-could-be-120.md) | -2.9% | -2.2% |
| BRENT | 2022-03-03 | [Oil jumps, Brent above $116 per barrel as supply issues persist](https://feedsoft.ai/events/6282-oil-jumps-brent-above-116-per-barrel-as-supply-issues-persist.md) | -1.8% | -1.2% |
| BRENT | 2026-03-08 | [Crude oil sells above $100 a barrel as Iran war impedes production \| AP News](https://feedsoft.ai/events/5230-crude-oil-sells-above-100-a-barrel-as-iran-war-impedes-production-ap-news.md) | +9.5% | +25.6% |
| BRENT | 2018-09-24 | [Bullish forecast for oil as Brent touches $80 per barrel](https://feedsoft.ai/events/63237-bullish-forecast-for-oil-as-brent-touches-80-per-barrel.md) | +4.9% | +1.6% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| WTI | 2026-07-23 | [Brent crude tops $100 a barrel. How the next stop could be $120](https://feedsoft.ai/events/9929-brent-crude-tops-100-a-barrel-how-the-next-stop-could-be-120.md) | -2.1% | -0.7% |
| WTI | 2022-03-03 | [Oil jumps, Brent above $116 per barrel as supply issues persist](https://feedsoft.ai/events/6282-oil-jumps-brent-above-116-per-barrel-as-supply-issues-persist.md) | -1.7% | -2.6% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/brent-crude-oil-hits-104-per-barrel-for-first-time-since-may-25-14027281.html

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