‎Brent crude expands gains, crosses $95

‎<p ><img src="https://argaamplus.s3.amazonaws.com/b2d01eff-b008-488c-b03e-a5f5327fbc74.png"></p> <p class="ckeCaption" ><!--StartFragment-->Oil drilling rigs<!--EndFragment--></p> <hr> <p >Oil prices rose during trading today, Sept. 2, continuing their uptrend after both benchmark crudes added more than $4 in the previous session, amid growing concerns about disruption to Middle East supplies following the exchange of military attacks between the US and Iran.</p> <p ></p> <p >The US launched a series of airstrikes on targets inside Iran, to which Tehran responded with missile and drone attacks targeting US bases in the region, Reuters reported.</p> <p ></p> <p >As a result, the Iranian Revolutionary Guard announced that these confrontations would further restrict navigation through the Strait of Hormuz.</p> <p ></p> <p >Data from the American Petroleum Institute showed a decline in US crude inventories, while markets await official data from the Energy Information Administration later today, amid expectations of a slight drop in inventories.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span ><span ><span >Brent, WTI Futures Prices</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Crude</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Price ($/bbl)</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Change ($)</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Change</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Brent (November delivery)</span></span></span></strong></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >95.34</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >0.69</span></span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >0.75%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >WTI (October delivery)</span></span></span></strong></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >90.56</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >0.34</span></span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >0.40%</span></span></span></p> </td> </tr> </tbody> </table> <div ></div> <p><span ><span ><span >*At 08:01 am Makkah time </span></span></span></p>

Publication

Argaam - UAE News · Trade Publication

Published

2nd September 2026

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argaam.com

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