Oil & Energy Market News

Oil & Energy Marketsa day ago

US Crude Inventories Fall 865,000 Barrels in Latest EIA Report

US crude oil inventories declined by approximately 865,000 barrels in the week ending 30 October 2026, according to the Energy Information Administration data reported on 4 November and listed by FXStreet. The draw contrasted with a roughly 0.9 million-barrel increase expected on that calendar, while distillate inventories declined by around 3.565 million barrels. The inventory change is a physical US stock measure, not a measure of the separate oil-price drop linked to Iran-war expectations.

WTI CRUDE OILBRENT CRUDE OIL

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Oil & Energy Marketsa day ago

Oil Plunges 8.7% as US Midterms Raise Hopes of Iran War Exit

Brent futures fell $8.98, or 8.7%, to settle at $94.62 a barrel on 4 November 2026, while WTI declined $7.97, or 8.3%, to $88.12. Both benchmarks closed at their lowest level since 31 August, according to Reuters. Investors weighed whether Democratic control of Congress would increase pressure on President Donald Trump to negotiate an end to the US-Israeli war with Iran. The sell-off is a market reaction to changing expectations, not confirmation of a peace agreement.

BRENT CRUDE OILWTI CRUDE OIL

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Oil & Energy Markets2 days ago

Sweden’s Riksbank Raises Policy Rate to 2% as Energy Inflation Risks Persist

Sweden’s Riksbank raised its policy rate by 25 basis points to 2.00% on 4 November 2026, its first increase in more than three years, according to same-day Wall Street Journal reporting. The move was widely anticipated and follows the central bank’s September decision to hold at 1.75%. Policymakers indicated additional tightening may follow if inflation and economic activity develop as projected. The Riksbank’s published schedule says the new policy rate takes effect on 11 November. War-related energy costs and resilient domestic activity remain important considerations. This is a confirmed decision reported by an established news outlet, but the November decision text on the Riksbank website could not be independently retrieved in this check.

EUR/SEKUSD/SEK

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Oil & Energy Markets2 days ago

Ireland Flash Inflation Rises to 4.0% in October as Energy Prices Surge

Ireland’s Central Statistics Office estimated on 3 November 2026 that harmonised consumer-price inflation rose to 4.0% year on year in October from 3.8% in September. Prices increased 0.5% month on month. Energy costs rose 18.3% over the year and 4.5% during October, while food prices were just 0.1% higher than a year earlier. Inflation excluding energy and unprocessed food was estimated at 2.5% annually. These are Ireland’s preliminary harmonised inflation figures, not the euro-area October flash estimate, which was scheduled for 4 November.

EUR/USDEURO STOXX 50

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Oil & Energy Markets4 days ago

Brent Retreats About 2.6% as Iran Diplomacy Headlines Ease Supply Fears

The report gives indicative Brent around $114.03 on the morning of 2 November, about 2.65% below its previous quoted close, while WTI was around $101.56. It links the move to optimism about Qatar-mediated Iran discussions. This is a time-specific CFD snapshot, not a validated exchange closing price.

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Oil & Energy Markets4 days ago

OPEC+ Maintains December Oil Output Requirements

Seven OPEC+ participants—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman—said after their 1 November 2026 virtual meeting that they would maintain September 2026 required production levels for December 2026. The next meeting is scheduled for 29 November. This is a production-policy decision, not a statement that all global OPEC+ output will be unchanged.

BRENT CRUDEWTI CRUDE

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Oil & Energy Markets6 days ago

Brent Settles at $117.64 as October Oil Rally Extends

December Brent crude futures settled at $117.64 per barrel on 30 October 2026, up $2.76 or 2.4% on the day. WTI settled at $104.12, up $2.12 or 2.08%. Market reports linked the rally to renewed fears of Middle East supply disruptions and potential further US-Iran escalation; these are risk concerns rather than confirmed future military actions. Contract months matter when comparing prices.

BRENT CRUDE OILWTI CRUDE OIL

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Oil & Energy Markets6 days ago

Reuters Poll Raises 2026 Brent Forecast to $92.88 Amid Supply Risks

A Reuters survey of 32 economists and analysts raised the expected average Brent crude price for 2026 to $92.88 per barrel from $89.05 in the previous poll. The corresponding WTI forecast rose to $86.60 from $83.90. These are analyst forecasts, not observed spot prices.

BRENT CRUDE OILWTI CRUDE OILUS DOLLAR / CANADIAN DOLLAR

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Oil & Energy Markets6 days ago

Armed Group Shuts Libya's Hamada–Zawiya Oil Pipeline, Threatening 15,000 Bpd

Libya's National Oil Corporation (NOC) said on 30 October 2026 that an armed group closed a valve on the 18-inch Hamada–Zawiya crude pipeline in the Rayayna area, forcing operators to stop pumping after pressure rose sharply. The line supplies crude from the Hamada and Tahara fields to the Zawiya refinery. NOC warned that a sustained shutdown could disrupt about 15,000 barrels per day of crude destined for the refinery. This is a new incident, separate from a similar closure on 22 October. The 15,000-bpd figure is the operator's estimate of potential supply loss, not a verified nationwide production loss.

BRENT CRUDE OILWTI CRUDE OIL

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