Brent Crude Edges Down to $111.62/bbl; WTI Rises 0.84% on Supply Concerns
As of Oct 30, 2026, Brent Crude settled at $111.62/bbl (-0.02%), while WTI rose 0.84% to $102.86/bbl amid geopolitical tensions and tightening U.S. inventory expectations.
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As of Oct 30, 2026, Brent Crude settled at $111.62/bbl (-0.02%), while WTI rose 0.84% to $102.86/bbl amid geopolitical tensions and tightening U.S. inventory expectations.
On Oct 29, Brent crude fell 1.38% to USD 110.096/bbl and WTI dropped 1.44% to USD 101.299/bbl. Easing Middle East tensions and a stronger USD contributed to the decline.
On Oct 29, Brent crude fell 0.87% to USD 110.672/bbl; WTI dropped 0.73% to USD 102.028/bbl, pressured by rising U.S. inventories and OPEC+ supply signals.
On Oct 27, Brent crude fell 0.68% to USD 109.992/bbl; WTI dropped 0.69% to USD 101.054/bbl. Easing geopolitical tensions and stronger USD weighed on sentiment ahead of the upcoming OPEC+ meeting.
WTI crude closed at $103.49/bbl, up 4.04%—first above $103 since Sept 2026; geopolitical risk premium mounting, Gulf Coast export loadings expected to delay 2–3 days, impacting domestic refinery feedstock scheduling.
WTI gained 4.04% against Brent's 3.17%, pulling the transatlantic spread back to $8.61. US Gulf export discounts and ESPO/Lula delivered costs into China shift, forcing a repricing of transshipment hedges.
Brent-WTI spread reached $13.54/bbl today, forcing a repricing of the seven transshipment grades' delivered quotes while downstream cracks still hold.
WTI down 0.65% to $97.34; Brent down 0.50% to $105.39; Brent–WTI spread widens to $8.05 — widest in 3 weeks; USD/JPY rallies to 158.14, reinforcing JPY-driven inflation repricing.
WTI surged +1.76% to $95.80/bbl—3.1× Brent’s +0.57%; USD/JPY rose to 158.43, amplifying hedging pressure on Asian refiners; fuel oil futures jumped +3.40%, signaling longer Middle East hauls and higher war-risk insurance costs.
Brent up 0.99% to $106.73/bbl, WTI up 0.96% to $95.05/bbl; spread narrows to $11.68 — down $0.11 from prior close, lowest in 3 weeks. USD/CNY dipped 0.02%, failing to offset oil gains; fuel oil (+2.02%) and asphalt (+2.97%) surged in tandem, signaling easing regional supply stress.