‎Oil jumps more than 2%, WTI crude crosses $95

‎<p ><img src="https://argaamplus.s3.amazonaws.com/fbf89256-f7ce-40d2-8745-8dec4b652a82.png" ></p> <p class="ckeCaption" ><!--StartFragment-->Oil drilling rigs<!--EndFragment--></p> <hr> <p >Oil prices extended gains today, Sept. 9, continuing their rise for the fourth consecutive session, following renewed military attacks in the Middle East that raised concerns about disruptions to global energy supplies.</p> <p ></p> <p >Brent crude prices have jumped by about 25% since early August, amid fading hopes for a permanent solution to the conflict and escalating field confrontations, surpassing the $100 per barrel mark during the session for the first time since July 24, Financial Times reported.</p> <p ></p> <p >Analysts at ING Bank said in a note that recent developments reinforce the view that we are still far from resuming peace talks, and therefore the market is likely to continue pricing in a large risk premium, according to Reuters.</p> <p ></p> <p >The US crude oil inventory report from the American Petroleum Institute is due later today, after delayed from its usual date due to the Labor Day holiday on Sept. 7.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span ><span ><span >Brent, WTI Futures Prices</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Crude</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Price ($/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 >100.46</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2.54</span></span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >2.60%</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 >95.09</span></span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >2.06</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >2.20%</span></span></span></p> </td> </tr> </tbody> </table> <div class="ckeCaption" ><em>*At 01:20 pm Makkah time</em></div>

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Argaam - Main News · Trade Publication

Published

9th September 2026

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argaam.com

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