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At close · Thu, Oct 8, 2026
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Home›Forex›Major Pairs›Oil: Supply risks offset reserve releases – OCBC

Oil: Supply risks offset reserve releases – OCBC

Reported · Written up by our desk · Major Pairs

OCBC’s FX and commodities strategists highlight renewed Middle East supply risks that pushed oil prices higher despite strategic reserve releases. Brent briefly touched USD110/bbl as Iranian attacks on shipping and escalating Saudi-Houthi tensions raised concerns over key oil export routes.

Latest closeBrent $103.93 ▲3.7%

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Sources

FXStreetOil: Supply risks offset reserve releases – OCBC

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