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Line chart of daily Brent crude futures closes from September 7 to October 2, 2026, with a $100 reference line.

Gulf oil exports have recovered to roughly their pre-war volumes, so the risk premium in Brent has shifted from missing barrels to attacks on ships. At least seven tanker incidents were recorded in the past week, including a strike on a very large crude carrier on October 1. Brent has held at elevated levels. For Canada, the effects run through the loonie, inflation and a large oil sands acquisition by Cenovus.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Line chart of Brent and WTI daily closing prices in US dollars per barrel from September 9 to October 8, 2026.

Brent has closed above $100 on 15 of 22 sessions since September 9, while WTI has not closed above that level since September 17.

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Line chart of Brent crude daily closes from September 8 to October 7, 2026, with a $100 line and a shaded tanker-attack week.

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