Brent crude fell 0.75% to $105.3 a barrel on Thursday, October 15, 2026, while West Texas Intermediate (WTI) rose 1.42% to $96.44.
The session saw the international benchmark retreat from recent levels even as the U.S. marker strengthened. Markets continue to balance improving physical supply signals from the Middle East against residual geopolitical risk linked to the unresolved U.S.-Iran situation.
Higher loadings through the Strait of Hormuz and ongoing operations on Saudi Arabia’s East-West pipeline have helped ease some earlier disruption concerns. At the same time, the absence of a clear diplomatic breakthrough has kept a risk premium in place.
This latest move fits the volatile pattern observed since mid-September, with prices fluctuating on shifting assessments of supply recovery and political developments. Traders will monitor further confirmation of Gulf export volumes and any progress in mediated talks in the sessions ahead.
