Signal · Geopolitical Risk
Brent extends losses; WTI falls over 2%
What the source reported
Source-reported<p><img src="https://argaamplus.s3.amazonaws.com/f1671d69-917f-4595-be6d-05104903ed1e.png" ></p> <p class="ckeCaption" >Oil prices deepened losses on Friday as markets assessed the prospects of a truce between Washington and Tehran.</p> <hr> <p >Oil prices extended losses on Friday as markets assessed the prospects of a truce between the United States and Iran.</p> <p ></p> <p >Both benchmarks had rallied as much as 5% in the previous session, with Brent settling 3.4% higher at its highest level since Sept. 15. US crude gained about 2.7%, after sliding 13% over the previous six sessions.</p> <p ></p> <p >The spread between the two benchmarks widened to more than $12.60 a barrel, its widest since May, when it exceeded $13, reflecting differences in the regional risk exposure affecting the two contracts, according to Reuters.</p> <p ></p> <p >Markets are awaiting Baker Hughes' weekly US oil and gas rig count later on Friday for further indications on the outlook for US supply.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span >Benchmark crude futures</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Crude</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span >Price ($/barrel)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change ($)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change (%)</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Brent (November)</span></strong></p> </td> <td > <p align="center" ><span ><span ><span >105.04</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >(1.56)</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >(%1.45)</span></span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span >NYMEX (November)</span></strong></p> </td> <td > <p align="center" ><span ><span ><span >92.55</span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >(2.06)</span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >(%2.20)</span></span></span></span></p> </td> </tr> </tbody> </table> <div ><em class="ckeCaption">As of 08:48 am KSA time.</em></div>
- Publication
- Argaam - Main News · Trade Publication
- Published
- 25th September 2026
- Original report
- argaam.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Geopolitical Risk
- Geography
- Saudi Arabia
- Organisations
- None identified
- Collected
- 25th September 2026 · 10:05
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (23.0/100). Strongest contributor: Geographic Breadth (7.0/10 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (26.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Geographic Breadth
- Limiting factor
- Likely Event Severity