Brent crude rises in October as Middle East tensions persist, Marex says

Bitget2026/11/06 11:55

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Brent crude rose from $102 per barrel to $117.54 in October as Middle East tensions persisted.
Shipping accounted for around 30% of landed oil costs as ship-to-ship transfers strained tanker availability.
Persian Gulf-to-Asia VLCC freight rates exceeded $1.3 million daily in mid-October, versus a $55,000 daily average in 2025.
Crude in transit reached a record nearly 1,300,000,000 barrels as geopolitical disruption lengthened shipping routes.
US natural gas futures fell to a two-year low of $2.5 per million British thermal units amid mild temperatures and robust supply.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marex Group Ltd. published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Brent crude rises in October as Middle East tensions persist, Marex says

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