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Brent futures rose to around $100 a barrel, building on September gains of about 8%, despite a recovery in Middle East oil flows through Hormuz. Dated Brent physical prices remained well above futures, at about $121 a barrel, indicating tight physical supply.
A wide physical premium over futures signals tight near-term barrels, supporting diesel and energy costs for feed buyers even as Hormuz flows recover.
wsj.comRebecca FengOct 1, 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.
