Oil prices rebounded on Thursday as investors sought further signals on supply flows from the Middle East.
A JPMorgan Chase analysis released on Wednesday indicated that crude flows from the Middle East had already recovered to 98% of pre-war levels, although exports of refined products such as diesel and gasoline remained well below that threshold. Goldman Sachs separately estimated that approximately 23 million barrels of oil per day had moved out of the Persian Gulf in the latest week, both through the Strait of Hormuz and via alternative export routes including the Red Sea — a volume broadly in line with last year's average.
West Texas Intermediate (WTI), the US benchmark, gained 1.85% to trade at $92.10 per barrel, while Brent crude, the international benchmark, advanced 1.56% to $99.57 per barrel after briefly breaching the $100 mark.
Crude oil posted gains for a third consecutive month in September, against a backdrop in which Washington and Tehran have yet to reach an agreement that would allow for a full and lasting reopening of the Strait of Hormuz. US President Donald Trump stated that the United States has control of the waterway and that Washington would respond shortly to a seven-point proposal put forward by Iran.
Prices have swung sharply as months of intermittent negotiations aimed at ending the conflict have kept market uncertainty elevated. That volatility has complicated investor positioning ahead of potentially larger price moves. At the same time, tight availability of refined products — diesel in particular — has continued to underpin refinery demand for crude.
US petroleum inventory data released on Wednesday deepened concerns over refined product supply. Distillate stocks fell to their lowest level ever recorded for this time of year, according to the Energy Information Administration (EIA), at a moment when the possibility of the US administration restricting diesel exports remains under active discussion.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/10/01/commodities-3/petroleo-mais-caro-a-espera-da-resposta-dos-eua-ao-plano-do-irao/
