CommoditiesMedium•2 October 2026•
1 min read
Brent Crude Drops Below $100 as Supply Disruption Fears Ease
Key Facts
1Brent crude prices fell below $100 per barrel on Friday, reversing most of Thursday's 5.5% rally.
2EU countries are reportedly discussing the release of 50 million barrels of diesel from strategic reserves.
Brent crude prices fell below the $100 per barrel mark on Friday, October 2, 2026, reversing most of the 5.5% rally recorded on Thursday. ActionForex reported that initial fears of supply disruptions linked to US-Iran tensions faded as market sentiment shifted during the session.
EU countries are reportedly discussing the release of 50 million barrels of diesel from strategic reserves to stabilize the market and address refined product shortages. This measure follows the halt of diesel exports from Russia and China, which has left European consumers exposed to supply risks and rising fuel costs.