Major countries restrict exports while the US increases troops in the Middle East, oil prices hold overnight gains.

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智通财经2026/10/02 02:36

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On Friday, oil prices held onto the previous night's gains, with U.S. crude currently trading around $92.85 per barrel and Brent crude trading near $102.41 per barrel. A major Asian country has suspended fuel exports, while The Wall Street Journal reported that the United States is deploying additional troops and aircraft carriers to the Middle East and is attempting to prompt Europe to release more emergency diesel reserves.
On Thursday, Brent crude closed up more than $4, and U.S. crude closed up over $2. Reports from The Wall Street Journal combined with news of China's export restrictions have heightened market concerns that a global fuel shortage could worsen. Brent crude has risen 14% in September, but may fall nearly 2% this week.
Tim Waterer, Chief Market Analyst at KCM Trade, commented that the market is digesting a series of mixed signals this week and, after Thursday's sharp volatility, traders are catching their breath. He pointed out that while Saudi exports appear to be improving, this positive development has been offset by news of another U.S. aircraft carrier heading to the Gulf region and China restricting refined oil exports.
According to The Wall Street Journal, as Trump considers resuming strikes on Iran amid the upcoming midterm elections, the U.S. is dispatching a third aircraft carrier and up to 10,000 additional troops to the Middle East. Trump told reporters at the White House: "Now I have to decide. Either they sign a very fair agreement or they will no longer exist."
Three sources revealed that the Trump administration has asked Germany and France to make use of their emergency diesel reserves to help ease the pressure of rising global fuel prices, warning that otherwise they could face a U.S. ban on diesel exports.
Mukesh Sahdev, Chief Oil Analyst at XAnalysts, stated that U.S. pressure on EU countries to release oil reserves has also, to some extent, curbed the rise in oil prices. A source said the U.S. has requested the EU to release 120 million barrels of diesel over the next six months.

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Major countries restrict exports while the US increases troops in the Middle East, oil prices hold overnight gains.

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