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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 Hits $105 and WTI Tops $100 as Middle East Chokepoints Tighten

in Energy, Americas, Middle East
Reading Time: 1 min read
Oil trading desk with rising futures charts overlooking tankers at sea, as Brent and WTI push higher on Middle East chokepoint pressure.
byCedar Global Markets
October 17, 2026
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UPDATE: Brent crude printed $105.26 a barrel and West Texas Intermediate $100.04 at 1215 GMT on Thursday, up $4.05 (+4%) and $3.99 (+4.15%), according to a Reuters oil wrap on Euronext. Those levels mark a threshold breach versus earlier Asia holds above $100 and Wednesday settles. AP said Brent at one point topped $105 and U.S. crude briefly topped $100; session high is not the last, and the intraday last is not the settle.

A later Yahoo Finance futures re-stamp around 11:05 CT showed Brent last about $106.8 to $106.9 (session high about $107.1) and WTI last about $101.58 (high about $101.7), labeled as futures tape, not exchange settlement. CNN earlier showed WTI near $99 after a $100 print; that path is time-stamped and superseded by later lasts.

Catalysts include the Mocha Red Sea seizure and separate Hormuz tanker pressure; the theaters are not merged into one closed-strait claim. OPEC cut 2026 demand-growth to 380,000 barrels a day, a secondary demand backdrop.

Sources:Reuters via Euronext oil wrap, Sep. 10, 2026; AP via BNN Bloomberg; CNN; Yahoo Finance futures re-stamp labeled.

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