brent

crude oil

2026-09-01 16:20:59

Crude Oil Spikes as Reports Say US Launched Strikes Inside Iran

On September 2, international crude oil prices surged following reports that the United States had launched attacks inside Iran. According to Israeli media citing sources, the US conducted strikes on Iranian territory. Iranian state media confirmed explosions in Chabahar and Bandar Abbas. WTI crude oil rose above $88 per barrel, up 3.04% intraday, while Brent crude increased to $92.8 per barrel, a 2.77% gain. The short-term spike in crude oil was driven by the sudden escalation of tensions in the Middle East, a region critical to global oil supply. The reported attacks mark a significant development in the ongoing conflict between the US and Iran. The market's rapid reaction highlights the sensitivity of oil prices to geopolitical events. Traders are closely monitoring the situation for further developments.

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Odaily

2026-08-31 08:41:21

Gate data shows WTI and Brent both up more than 3% intraday

Odaily reported, citing Gate data, that both major crude benchmarks posted intraday gains of more than 3%. At the time of the update, West Texas Intermediate was quoted at $85.25 per barrel, while Brent crude traded at $90.62 per barrel. The item was published as a 7x24 market flash and contained no additional detail beyond the quoted prices and same-day percentage move. The figures point to a broad rise across the two key oil contracts tracked in the update.

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Brent

2026-08-31 01:39:01

Brent Crude Breaks Above $92 as Gains Extend

Brent crude oil crossed the $92 per barrel level, trading at $92.03, up 2.2% from the previous session's close, according to Gate data. The move reflects continued upward momentum in energy markets.

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crude oil

2026-08-28 08:38:49

Oil Prices Extend Slide: WTI at $81.9, Brent Down 1%

On Aug 28, U.S. crude and Brent both extended short-term declines. WTI was last quoted at $81.9 per barrel, while Brent was down 1% on the day at $87.38, according to Bitget market data.

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crude oil

2026-08-28 07:16:09

Gate market data shows WTI at $82.43 and Brent at $87.86

ChainCatcher, citing market data from Gate, reported that both major crude benchmarks moved up by $0.5. West Texas Intermediate (WTI) crude reached $82.43 per barrel, while Brent crude rose to $87.86 per barrel. The update was published on Aug. 28, 2026, and was categorized under market analysis. No additional market context or trading details were provided in the original brief. The report only stated the latest quoted prices and the size of the move in the two oil benchmarks.

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U.S.-Iran

2026-08-26 00:11:37

Reports say U.S.-Iran ceasefire terms are taking shape as a temporary Strait of Hormuz route is discussed

On Aug. 26, multiple reports said the U.S. and Iran had reached consensus on ceasefire terms that include free navigation through the Strait of Hormuz, with an announcement expected in the coming days. Iran said a temporary shipping route understanding had been reached for merchant vessels only, while the White House said no talks were scheduled and the strait remained open. WTI crude briefly fell below $80 a barrel and Brent dipped under $86 as the updates circulated. The day also brought reports on ship traffic, U.S. rhetoric, and separate diplomatic contacts involving Pakistan, Iran, and Middle East posts.

990

Oil prices

2026-08-12 22:31:42

Oil Prices Edge Lower After Five-Day Rally, WTI Dips Below $82

Oil prices slipped after five straight sessions of gains, with WTI below $82 a barrel and Brent briefly under $87, according to Gate market data. Traders await progress on reopening the Strait of Hormuz. The International Energy Agency sees a global supply gap of 1.8 million barrels per day this quarter, more than twice its earlier forecast. US gasoline and diesel prices are at records for this time of year.

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EIA

2026-08-11 16:03:41

EIA raises WTI and Brent price forecasts for 2026 and 2027

The U.S. Energy Information Administration, or EIA, raised its price forecasts for both West Texas Intermediate and Brent crude in its latest Short-Term Energy Outlook, according to a BlockBeats report dated Aug. 12. The agency now expects WTI crude to average $80.88 per barrel in 2026, up from its previous forecast of $76.26, and $65.39 per barrel in 2027, compared with an earlier estimate of $60.76. For Brent, the EIA lifted its 2026 forecast to $86.81 per barrel from $81.91, while its 2027 projection was raised to $69.39 from $64.76. The update covers both benchmark oil contracts and reflects higher expected pricing in each of the two years cited in the report.

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