Sep 29analysis
Brent's front spread tops $7 as the November contract nears expiry
November Brent trades about $7.50 above December ahead of Wednesday's expiry, up from under $1 in August. Saudi flows are rising but Iran talks have stalled.
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Iran Conflict Timeline
View all →Day-by-day tracking of the war and its impact on oil prices
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Sep 28iran
Oil jumps 3% after Trump turns down Iran's Hormuz offer
Brent rose $3.34 to $107.66 and WTI climbed to $95.60 after Trump rejected Iran's seven-day Hormuz plan, saying Tehran had overplayed its hand in the talks.
Sep 25iran
Oil slips 2% as Iran offers to reopen Hormuz within seven days
Brent fell 2.1% to $104.32 and WTI slid to $92.41 after Iran's foreign minister offered to reopen the Strait of Hormuz in seven days if the US meets his terms.
Sep 24oil
Brent tops $107 as Iran warns war could reach the Indian Ocean
Brent rose 4% to $107 after an adviser to Iran's supreme leader said the war could reach the Indian Ocean, as Houthi missiles targeted the Saudi port of Yanbu.
Sep 23oil-prices
Saudi pipeline restart and Iran talks knock oil off its highs
Brent has fallen from $108.75 on September 15 to near $100 after Saudi Arabia restarted its Hormuz bypass pipeline and US and Iranian envoys met in New York.
Sep 22analysis
US diesel sets a record $6.53 as the squeeze runs into 2027
US diesel hit a record $6.53 a gallon last week even as crude prices fell. The gap points to a refining shortage the EIA expects to last deep into 2027.
Sep 21analysis
Why WTI prices differ by $4 this week: the contract roll explained
WTI quotes range from $94 to $98 this week depending on which contract a site tracks. Here is why the October expiry matters and what changed on our price feed.
Sep 15market
Oil rises as Oman shelves Hormuz talks and China's crude hits a record
Brent neared $108 after Oman postponed Monday's Iran-Gulf talks, Saudi Arabia's bypass pipeline stayed shut, and Shanghai crude futures hit a record $138.50.
Sep 10analysis
Why oil is back above $100: five forces behind the spike
WTI is near $100 and Brent above $104, up a third since early August. Tanker attacks, Saudi output at a 36-year low and drained stockpiles explain why.