Reuters · October 15, 2026

Brent Crude Falls $1.39 to $104.67 a Barrel in Early Thursday Trade; WTI Falls $1.02 to $94.07

• Brent crude futures fell $1.39, or 1.31%, to $104.67 a barrel by 0116 GMT on Thursday, and U.S. West Texas Intermediate crude futures fell $1.02, or 1.07%, to $94.07, according to the report.
• Russia’s crude oil production rose by 65,000 barrels per day in September to 8.43 million bpd and remained down 870,000 bpd year over year, the International Energy Agency said on Wednesday, according to the report.
• The IEA also said crude oil exports from Middle East Gulf producers rose by 4.4 million bpd in September to around 75% of prewar levels, according to the report.
• U.S. crude stocks fell by 11.1 million barrels in the week ended October 9, market sources said on Wednesday, citing American Petroleum Institute data, according to the report.
• A U.S. official said on Wednesday that the Trump administration is considering easing sanctions on shadow fleet vessels that have transported oil and petroleum products from countries including Russia, Iran and Venezuela, according to the report.

Prices, production and export figures and the sanctions statement via the International Energy Agency, American Petroleum Institute data cited by market sources, and a U.S. official, cited in the original report. This card is based on the accessible portion only. Original headline: "Oil prices fall as investors weigh supply outlook, Middle East tensions".