5 stories on Brent from MarketRadar.
The UAE lifted total oil output to a record 5.3 million barrels a day in September, the IEA says — pumping crude at near-maximum capacity while its stockpiles drained at a record pace to all-time lows.
Billionaire macro trader Paul Tudor Jones says he is "long oil, bullish on oil," expecting crude to rally another $20 to $25 a barrel as the US-Iran conflict drags on past November's midterm elections.
Crude is holding near $100 a barrel as IMF chief Kristalina Georgieva warns that an energy shock, the AI investment boom and record public debt are combining into a dangerous cocktail for the world economy.
The G7 will release 100 million barrels of crude and fuel from emergency stockpiles in stages over four months via the IEA, with diesel supplies prioritised, as Brent holds above $102.
Brent dropped 2.8% below $100 and WTI lost 3.6% to $89.52 on Friday as EU governments discussed a French plan for a 50-million-barrel diesel draw from emergency reserves, with gasoil futures tumbling over 5%.
