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Crude Oil Price Forecast – Oil Continues to See Multiple Pressures
FXEmpire· 2026-10-08 21:43
The EIA estimates that Middle Eastern crude production shut-ins fell to 4.8 million barrels per day in September, compared to 5.8 million in August, and at one point were as much as 10.9 million. This improvement represents a recovery in available supply, although volumes remain unavailable at times and the numbers are a bit of a moving target.The price effects of disruption have been significant. In its October 5 review, the EIA reported that Brent front-month futures peaked at $109 per barrel on September ...