Brent crude rose 0.58% to $101.2 a barrel on Wednesday, October 7, 2026, reclaiming the $100 level, while West Texas Intermediate (WTI) edged up 0.13% to $89.56.
The rebound follows Tuesday’s sharp decline that pushed Brent down to $97.41 and WTI to $86.91. Traders appeared to take some profit after the recent sell-off, with attention still divided between improving Middle East supply flows and unresolved geopolitical risks.
Higher loadings through the Strait of Hormuz and continued operations on Saudi Arabia’s East-West pipeline have helped ease earlier disruption concerns. At the same time, the lack of a clear breakthrough in U.S.-Iran talks has kept a residual risk premium in the market.
This latest move continues the volatile pattern observed since mid-September, with prices swinging on shifting assessments of physical supply and diplomatic developments. Market participants will monitor further confirmation of Gulf export recovery and any progress in mediated discussions in the sessions ahead.
