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Crude oil rises to $93.1 per barrel, reaching a nearly one-month high

Crude oil rises to $93.1 per barrel, reaching a nearly one-month high

智通财经智通财经2026/10/08 11:06
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(1) On Thursday, international crude oil prices reached $93.1 per barrel, hitting a near one-month high as supply disruption risks intensified. (2) The White House has asked the Pentagon to draw up strike plans against Iran, which could be implemented before the midterm elections; on Wednesday, the US President stated that he will no longer seek an agreement with Iran. (3) Incidents of shipping attacks have increased in the Gulf region and the Strait of Hormuz, and the Houthi armed group has intensified its attacks on Saudi Arabia, further raising geopolitical risks and crude oil risk premiums. (4) Tropical Storm Isaias is approaching the Gulf of Mexico, prompting companies such as Chevron and Shell to cut production and evacuate offshore platform personnel, thus providing support to oil prices. (5) According to the Bureau of Ocean Energy Management, as of Wednesday, approximately 24.3% of crude oil production capacity and 15.7% of natural gas production capacity in the US Gulf of Mexico have been halted due to the storm.

⑴ On Thursday, international crude oil prices reached $93.1 per barrel, hitting a near one-month high as rising supply disruption risks pushed prices higher. ⑵ The White House has requested the Pentagon to draw up strike plans against Iran, which could be implemented before the midterm elections; on Wednesday, the U.S. President stated that he would no longer seek to reach an agreement with Iran. ⑶ Incidents of attacks on shipping in the Gulf region and the Strait of Hormuz have increased, with Houthi forces intensifying strikes against Saudi Arabia, further raising geopolitical risks and crude oil premiums. ⑷ Tropical Storm Isaias is approaching the Gulf of Mexico; companies such as Chevron and Shell have cut output and evacuated personnel from offshore platforms, providing support to oil prices. ⑸ According to the Bureau of Ocean Energy Management, as of Wednesday, affected by the storm, about 24.3% of U.S. Gulf of Mexico crude oil production capacity and 15.7% of natural gas production capacity were suspended.
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