Dated Brent Above $120 Signals a Serious Oil Squeeze
Headline from Oil Price
Physical oil markets tighten sharply as Dated Brent surges above $120 despite ICE Brent slipping toward $101. Friday, October 02, 2026 The European diesel stock release, droned tankers in the Strait of Hormuz, and China reinstating its refined product export ban have all played their part in this we…
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Crude oil prices moved markedly lower on Wednesday and stayed there earlier today, after booking a solid jump for September. The decline came in response to reports from JP Morgan, Goldman, and Kpler, suggesting oil flows out of the Persian Gulf had virtually returned to pre-war levels.
Crude oil prices are set for a modest weekly decline today, as reports of a strong rebound in oil flows out of the Persian Gulf trumped news of more U.S. troops moving to the Middle East and China’s Thursday decision to halt fuel exports this month.
Physical oil markets tighten sharply as Dated Brent surges above $120 despite ICE Brent slipping toward $101. Friday, October 02, 2026 The European diesel stock release, droned tankers in the Strait of Hormuz, and China reinstating its refined product export ban have all played their part in this we…
Dated Brent Above $120 Signals a Serious Oil Squeeze | Since Then
