Traders are now anticipating potential negotiations between the U.S. and Iran on the sidelines of the United Nations General Assembly meeting. These price decreases follow a period of volatility caused by the Saudi pipeline attack and refinery downtime in Illinois at an ExxonMobil facility, which drove fuel costs higher before operations resumed.
Wednesday, October 21, 2026
Story
Brent Crude Falls Below $100 Per Barrel First Time Since Saudi Pipeline Attack
Commodities30 days ago
Market participants shifted their outlook on Brent crude on Sept. 21 following reports that the Saudi East-West pipeline outage was less disruptive than initially feared. Brent futures fell below $100 per barrel, while gasoline spot prices dropped 3 to 7 cents per gallon and diesel spots declined 17 to 27 cents per gallon. In the U.S. Great Lakes region, wholesale gasoline prices fell 60 cents per gallon from a September 17 peak.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.