S&P 5007,651.54▼0.2% Nasdaq26,861.06▲0.2% Dow50,906.05▼0.9% Russell 2K2,796.86▼0.4% 10-Yr5.29%+4bp VIX16.34+0.30 WTI$90.46▲1.2% Gold$4,189.00▲0.2% EUR/USD1.133▼0.3% BTC$85,455▲2.3% Nikkei65,481▼0.6%
At close · Wed, Sep 30, 2026
Daily Market Updates.

Commodities

Home›Commodities›Energy›Oil prices stay near $100 a barrel despite drawdowns i…

Oil prices stay near $100 a barrel despite drawdowns in reserves

NYT Business says traders remain focused on the risk of hostilities restarting and on global emergency stockpile depletion, which helps explain the high price level.

Reported · Written up by our desk · Energy

Crude oil is trading close to $100 a barrel, even as supplies that had been diverted from the Persian Gulf continue to move, according to NYT Business.

The outlet attributes the high price level to traders who are concerned that hostilities could restart soon.

NYT Business also links the pricing pressure to the pace at which the world is using emergency stockpiles.

Latest closeWTI crude $90.46 ▲1.2%

← Newer storyInvestors weigh prospects for insurers covering Galleri cancer test

More like this

CommoditiesOil spikes as U.S. deploys third aircraft carrier to Middle East
CommoditiesWTI holds near $91.75 as Middle East troop plans weigh
CommoditiesUS presses Europe to release diesel from emergency stockpiles
CommoditiesFive energy ETFs have risen strongly in 2026
CommoditiesOil rises for third day as US considers more Middle East deployments

Sources

NYT BusinessOil Is Flowing From the Persian Gulf, but Prices Remain High. Why?

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.