Brent Crude Falls 1.1 Percent to $96.92 as Unexpected US Inventory Build Eases Supply Concerns

1 October 2026 · 6 days ago

Brent crude futures fell 1.1 percent to $96.92 a barrel in global trading on Thursday, October 1, 2026 (9 Mehr 1405), according to Mehr News Agency. The decline followed data showing an unexpected build in US crude inventories, which eased supply concerns. Donya-e-Eqtesad separately confirmed the downward move, also attributing it to the rise in US stockpiles. Oil price swings carry particular weight for Iran, where petroleum and petrochemical exports form a major part of the economy.

Source:Mehr News AgencyThe source text An archived copy of the source

Brent Crude Falls 1.1 Percent to $96.92 as Unexpected US Inventory Build Eases Supply Concerns

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