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Brent

News about Brent: events, facts and developments on tafs uz.

10 stories

Oil falls more than 6% amid Iran diplomacy: Brent drops to about $110

On the morning of October 26, Brent fell from its highest level since March 19, around $117.4, to about $110 per barrel, and WTI to $101.5. The decline followed reports of Qatari mediators visiting Tehran and Donald Trump's statement about a possible deal with Iran. Meanwhile, the Houthis claimed new strikes on Saudi Arabian facilities, and risks to supplies remain.

4 min read

Brent Oil Tops $115 at Five-Month High on Demand Amid Middle East Conflict and Mixed Market Reaction

Brent crude hit a five-month high, rising above $115 per barrel amid the Middle East conflict, speculation about possible new US and Israeli strikes, and growing winter energy demand. Global stock markets reacted differently: US and European indices declined, while Asian markets closed mixed. Pressure on equities came from weak earnings reports by Kering and Volvo Cars, as well as doubts about the sustainability of AI spending.

3 min read

Oil prices rose more than 2% after attack on Saudi Shaybah field

A drone attack on Saudi Aramco's Shaybah oil field pushed up oil prices: Brent rose 2.4% to $111.40, WTI rose 2.22% to $99.30. Two people were killed. The US ordered the evacuation of some staff from diplomatic missions in Saudi Arabia, while Ukrainian attacks on Russian oil infrastructure heightened supply concerns.

1 min read

Oil Above $110 Amid Strait of Hormuz Risks; Asian Tech Shares Fall on Doubts Over AI Boom

Brent crude is holding around $110, with WTI above $104, amid the risk of new Iranian attacks in the Strait of Hormuz and record tanker freight rates. Asian LNG prices hit their highest level since December 2022, and European gas is near multi-year peaks. European markets opened lower, while in Asia the tech sector led a sell-off on concerns about the return on AI investments.

4 min read