Oil prices are stable: the market weighs conflicting signals on supply from the Middle East

02.10.2026, 09:08◉ 02 min readEditorial team “SHCHO STALOSIA”

On Friday, oil prices generally remained stable as the market weighed the likelihood of renewed tensions between the US and Iran amid signs of a resumption of supplies from the Middle East this week. — Ukrinform.

Oil prices are stable: the market weighs conflicting signals on supply from the Middle East

The price of West Texas Intermediate (WTI) crude declined 19 cents (0.2%) to $92.68 per barrel. This brand was preparing for a weekly growth of approximately 0.3%.

"A more optimistic picture of Saudi Arabia's exports is offset by reports that another American aircraft carrier is heading to the Persian Gulf, as well as China's decision to restrict the export of petroleum products," he said. Vaterer.

“The more pressing issue is the availability and supply of oil and petroleum products from the Middle East to the rest of the world,” said Phillip Nova's head of market research, Priyanka Sachdeva.

She noted that the $100 per barrel level has now become a psychological and market threshold, and added that the market is “increasingly pricing in a scenario where supply chains will remain vulnerable for a long time to come .

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Meanwhile, three people briefed said the Trump administration has called on Germany and France to reduce diesel stocks in case of emergencies to help contain the soaring global fuel prices, otherwise, they face a potential ban on the export of diesel fuel from the United States.

Context

The price of Brent crude dropped 3 cents (0.03%) to $102.28 a barrel at 03:50 GMT after rising slightly at the start of trading on Friday. However, this brand was preparing for a weekly decline of about 2%, despite closing more than $4 higher on Thursday.

KCM Trade Chief Analyst Tim Waterer said the market is analysing clearly conflicting signals this week, adding that after a tumultuous Thursday, traders are “just taking a break”.