European Investor
05 Oct 2026, 09:37
Brent Crude Holds Above $102 After Sharp Intraday Volatility
Brent crude futures traded around $102.14 per barrel on Monday, down 0.11%, after a highly volatile early session.
Prices initially fell below $101 before rebounding sharply and briefly moving above $103 per barrel. Brent later gave back part of the advance but remained comfortably above the session’s early lows.
The price action suggests the oil market remains highly sensitive to shifting supply and geopolitical expectations. The rapid rebound from below $101 indicates buyers are still emerging aggressively on dips, while the pullback from above $103 shows resistance at higher levels.
Near term, the $103 area appears to be an important upside level, while the roughly $101–$102 range could provide support if volatility persists. The broader direction will remain heavily dependent on developments affecting global supply expectations and Middle East risk.
Brent crude futures traded around $102.14 per barrel on Monday, down 0.11%, after a highly volatile early session.
Prices initially fell below $101 before rebounding sharply and briefly moving above $103 per barrel. Brent later gave back part of the advance but remained comfortably above the session’s early lows.
The price action suggests the oil market remains highly sensitive to shifting supply and geopolitical expectations. The rapid rebound from below $101 indicates buyers are still emerging aggressively on dips, while the pullback from above $103 shows resistance at higher levels.
Near term, the $103 area appears to be an important upside level, while the roughly $101–$102 range could provide support if volatility persists. The broader direction will remain heavily dependent on developments affecting global supply expectations and Middle East risk.
