On 8 September Brent printed $99.14/bbl, up 2.2%, while WTI printed $94.50/bbl, up 3.3%, outpacing Brent. Larger-than-expected US inventory draws combined with Middle East risk premium lifted both benchmarks, compounding RMB-denominated import cost pressure.

Crude surged on Sep 8: Brent briefly topped $98/bbl (Saudi facilities hit, Houthi deep-strike threats) and WTI rose >2% above $93. SOMO lifted Sep Asia OSP differentials — Basrah Medium -$4.00, Heavy -$7.30 vs Oman/Dubai. We break down the net-back in three layers.

Brent crude futures closed at $98.7/bbl, rising 1.75% on the day. Market attention is focused on escalating geopolitical risks.

Brent Crude rose 1.14% to $97.375/bbl, as market expectations for economic recovery strengthened.

Debunks the '18/bbl' rumor (July heavy legacy); Sept Asia OSP Medium -4.00, Heavy -7.30; with spot discount and load premium, net FOB lands ~-29 to -35/bbl. Quote in three layers.

Brent crude rose 1.26% to $97.49/bbl, nearing the $98 psychological level, supported by sustained Middle East risk premium and rising market expectations of OPEC+ production cuts extension.

Brent at 95.929 USD/bbl, +0.43% day-on-day. Quiet session but holding above $95—import costs aren’t easing.

Brent Crude fell slightly to $95.43/bbl, down 0.09%. WTI Crude rose 0.09% to $91.38/bbl.

The Brent–WTI spread has compressed from $5+/bbl to $4.75/bbl, marginally tightening the transatlantic arb window. Combined with the rebalancing of Asian delivery premiums for ESPO, Dubai and Oman versus origin premiums on Urals, Bonny Light and Lula, the laycan–discount mix across SNSUC's seven crude re-export grades requires vessel-by-vessel revaluation.

Brent last traded at $88.33/bbl with WTI at $83.47/bbl, up 0.05% intraday. Markets eye tightening supply ahead of September North American refinery maintenance;