Brent Crude Gains Modestly After 4-Day Slide

2025-10-03 19:28 By Mojdeh Kazemi 1 min. read

Brent crude oil futures rose 0.7% to $64.5 per barrel on Friday, rebounding slightly after four consecutive sessions of losses, but still marking a 7% weekly decline.

The gains came as US President Donald Trump warned of severe consequences if Hamas rejects his plan to end the war in Gaza, overshadowing an upcoming OPEC+ decision on crude supplies.

Ukraine’s reported attack on Russia’s Orsk refinery kept traders focused on Russian energy flows amid ongoing infrastructure strikes.

Despite these geopolitical risks, oil prices have slipped over the past four days, with expectations that OPEC+ may accelerate supply hikes adding pressure.

Rising output from OPEC+ and a potential US government shutdown continue to weigh on the market, offsetting short-term geopolitical tensions



News Stream
Brent Rises as Iran Nuclear Talks Extend
Brent crude oil futures rose above $72 per barrel on Friday following a choppy session, on track for a second straight monthly gain after the US and Iran agreed to continue nuclear negotiations next week. Iran described the latest Geneva talks as showing good progress, but a source familiar with the US position said American officials left the negotiations disappointed. Discussions will resume after consultations in each capital, alongside technical-level meetings scheduled next week in Vienna. Tensions persisted as Tehran said it would not allow enriched uranium to leave the country, while a large deployment of US forces in the Middle East kept markets on edge, as President Trump warned of possible military action if the two sides fail to reach an agreement. Meanwhile, traders will closely monitor Sunday’s scheduled OPEC+ supply meeting amid expectations of a broader oil glut.
2026-02-27
Brent Hits 30-week High
Brent increased to 72.49 USD/Bbl, the highest since July 2025. Over the past 4 weeks, Brent Crude Oil gained 7.24%, and in the last 12 months, it decreased 1.51%.
2026-02-26
Brent Crude Oil Rebounds Past $72
Brent crude oil futures rebounded 2% to above $72 per barrel on Thursday, reversing earlier losses of nearly 3%, after Iranian state media said Tehran would not allow enriched uranium to leave the country. The comments underscored tensions in ongoing US-Iran nuclear talks in Geneva, just days before President Donald Trump’s deadline for a deal, reviving concerns that a breakdown could disrupt supplies from the OPEC producer. Prices had fallen earlier after Omani mediators described the discussions as constructive, though negotiations are set to resume later in the day. Oil remains torn between expectations of a global supply glut and rising Middle East risks. Meanwhile, Saudi exports are nearing a three-year high, and flows from Iraq, Kuwait and the UAE have also risen. Markets now await Sunday’s OPEC+ meeting, where a modest output hike for April is under consideration.
2026-02-26