Brent Holds in the $102 Range as US Asks Europe to Release Diesel Reserves

According to Mehr News Agency, citing Reuters, Brent crude futures slipped 3 cents (0.03 percent) to 102.28 dollars a barrel in trading on Friday, 10 Mehr 1405 (October 2, 2026), while US West Texas Intermediate fell 19 cents (0.2 percent) to 92.68 dollars a barrel. Brent, after jumping more than 4 dollars on Thursday, is on track for a roughly 2 percent weekly decline.

Reuters reported the oil market is weighing conflicting signals: improving Saudi crude export flows point to better regional supply, while the risk of renewed US-Iran tensions has raised fears of disruption. China's decision to curb oil product exports in October has added to concerns over tightening fuel supply. Separately, the US government has asked Germany and France to release about 120 million barrels from their emergency diesel reserves over six months to ease pressure on the global fuel market. Analysts say the 100 dollar level has become a key psychological threshold for the oil market.