Brent bias turned neutral on September 12, 2026
Brent crude has surged to four-month highs and risen about 13% this week as Middle East war risks escalate, with Saudi Arabia closing its East-West pipeline and shipping traffic through Hormuz plunging amid Houthi activity in the Red Sea. The IEA also cut its 2026 oil supply outlook, while the oil move has stoked inflation fears and lifted expectations for Federal Reserve rate hikes, weighing on Asian equities. These developments matter for Brent because they center on actual and potential disruptions to key export routes and tighter supply expectations, even as higher prices feed into broader inflation and monetary-policy concerns.
Updated
The reading that day
It changed once during the day.
The day on the wire
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bullish
- 05:58Neutral
Headlines (12)
First seen on September 12
Carried over from earlier days
- Brent crude price on ICE tops $107 per barrel for first time since May 21 — trading dataTASS
- Oil jumps to $105, pushing up chances of a US interest rate increaseAl Jazeera
- Oil Soars as Hormuz Risks Rattle Marketsrigzone.com
- investingLive Americas market news wrap: Oil climbs 7%InvestingLive
- Nikkei, Kospi fall as US bond yields and inflation data spook marketsInvestingLive
- Asian Stocks decline as surging oil prices stoke inflation fears and lift Fed hike betsFXStreet
- Oil Prices Surge to Four-Month Highs as War Risks MountOilPrice.com
- Australian fuel prices set to rise by 30c as global markets react to ‘deadly cocktail’The Guardian
- Hormuz Shipping Traffic Plunges as Middle East War EscalatesOilPrice.com
- IEA cuts 2026 oil supply outlook as Gulf recovery slips to 2027worldoil.com
- Oil has surged 13% this week: why the rally may struggle above $110Hellenic Shipping News
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, September 13 | ||
| M2 Money Supply y/y | CNY | |
| New Loans | CNY | |
| Monday, September 14 | ||
| CPI m/m | -0.1% | CAD |
| Trimmed CPI y/y | 1.9% | CAD |
| Common CPI y/y | 2.7% | CAD |
| Median CPI y/y | 2.0% | CAD |
| Manufacturing Sales m/m | -0.2% | CAD |
| Core CPI m/m | 0.2% | CAD |