EnergyReader · 2026-08-08 16:34

ICE Brent October Settles at $83.55 as Hormuz Shipping Hazard Persists

By EnergyReader Newsroom · August 8, 2026

ICE Brent crude front-month October futures settled 1.3% higher at $83.55 a barrel at Friday's close (2026-08-07), while NYMEX WTI crude front-month September futures gained 1.2% to $78.18 a barrel. WTI then shed 0.7% in post-settlement electronic trading. Both benchmarks remain above their June trough but well below the $90-plus territory that prevailed before ceasefire speculation rattled the market in late May.

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What to watch Track the live series behind this story — history, latest readings and our coverage.

ICE Brent crude futures, front-month → OPEC reference basket → Strait of Hormuz oil/LNG transit flows → China crude oil imports →

Connected coverage Stories linked to Brent through the market graph: same hub, spread, route or driver.

China's Demand Cuts Keep Brent Below $100 as Hormuz Risk Persists 4h ago · Brent same market OEG Posts Record Quarter as Offshore Margins Hold Against Crude Slide 5h ago · Brent same market Hormuz Flows Halved as WTI Holds Near $90 and U.S. Crude Stocks Draw 6h ago · WTI via Global Crude Balance EIA Draws and Hormuz Risk Challenge WTI's Post-$100 Bearish Consensus 1d ago · WTI via Global Crude Balance Uranium ETF Climbs As Fluxnium Claims Seawater Extraction Route 9h ago · Uranium same desk EIA Raises 2027 U.S. Crude Forecast to 14.3 Million Barrels Per Day for Third Month Running 14h ago · EIA same desk

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Strait of Hormuz Brent Crude Oil CME WTI