Brent bias held neutral on October 3, 2026
Brent is moving around competing supply and geopolitical headlines. Reports of rebounding Gulf exports and emergency supply action, including a 100 million barrel IEA reserve release and G7 taps, have weighed on oil prices, while U.S.-Iran tensions, U.S. military moves and broader Middle East risk remain in focus alongside signs of physical tightness with Dated Brent above $120.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (15)
Carried over from earlier days
- Brent Tumbles to $96 as Gulf Oil Flows Bounce BackOilPrice.com
- Brent Oil: Conflict-driven surge shapes bond stress – Deutsche BankFXStreet
- Oil: Prices hold near multi‑year highs – UOBFXStreet
- Goldman and JPMorgan: Gulf oil is flowing again, so why is Brent still pricing a war?InvestingLive
- Oil prices rise amid Chinese fuel export uncertainty, Middle East shipping risksogj.com
- Oil Jumps on Renewed Conflict Fearsrigzone.com
- Brent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military MovesOilPrice.com
- WTI Oil edges down below $91.00 amid reports of higher flows from the GulfFXStreet
- Oil Prices Come Under Pressurerigzone.com
- Oil dips as traders weigh U.S.-Iran tensions against supply recoveryHellenic Shipping News
- WTI Whipsaws as Gulf Supply Improves and Middle East Risk ReturnsOilPrice.com
- IEA announces 100 million barrel oil reserve releaseInvesting.com
- Dated Brent Above $120 Signals a Serious Oil SqueezeOilPrice.com
- Six Vessels Hit in Strait of Hormuz Since Sundaygcaptain.com
- Oil Falls as G7 Taps Emergency Suppliesrigzone.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 4 | ||
| OPEC-JMMC Meetings | All | |
| Bank Holiday | CNY | |
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Bank Holiday | CNY | |
| Tuesday, October 6 | ||
| Trade Balance | 1.3B | CAD |
| Trade Balance | -95.2B | USD |
| Ivey PMI | 65.2 | CAD |