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Cedar Global Markets
US 2Y4.68%
US 10Y5.00%
US 30Y5.31%
2s10s+32bp
WTI$107.89
Brent$115.22
Fed funds3.75–4.00%
CPI4.0% YoY
Core CPI2.8% YoY
Unemployment4.20%
Cedar Global MarketsData via FRED® (St. Louis Fed). Not endorsed by the St. Louis Fed. Delayed / as published.

UPDATE: Brent Holds Above $100 in Asia as Hormuz Recovery Hopes Fade

in Energy, Americas, Asia-Pacific, Middle East
Reading Time: 1 min read
Energy trader at dual monitors overlooking rough seas and oil tankers, suggesting Brent holds above $100 amid Hormuz recovery fade without readable settle figures on screen.
byCedar Global Markets
October 17, 2026
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Brent crude futures were up $0.40, or 0.4%, at $101.61 by 0814 GMT Thursday, and WTI was up $0.49, or 0.51%, to $96.54, Reuters said. That 0814 GMT stamp is about 3:14 a.m. Central and ages quickly; it is a delayed last, not a Thursday settle. Wednesday’s official Brent settle was $101.21 after a session high of $101.58. High is not last, and last is not settle. This is not a reprint of the Wednesday Wall Street close package or the first $100 breach story.

Reuters said the largest U.S.-Iran shipping attacks of the six-month war left Hormuz recovery hopes fading, with flows still far below pre-war levels. Wednesday commodity transits near 7 compared with a roughly 14-ship 10-day average. Analyst color from ING, via Reuters reprints, said China stepped up crude purchases in recent weeks; ICIS said soft China demand had been a buffer, not a structural floor. Keep that as analyst color, not official data. A later CNBC morning last near $102.10 still is not a settle.

Sources: Reuters energy (Robert Harvey), Sep. 10, 2026; LSE.co.uk Reuters reprint; Channel NewsAsia; Wed settle context via Reuters.

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