Oil prices rose on Monday, September 21, with Brent crude futures gaining 81 cents, or 0.78%, to $104.68 a barrel, while U.S. West Texas Intermediate crude rose 76 cents, or 0.76%, to $101.06 a barrel.
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Oil prices rose on Monday, September 21, with Brent crude topping $104 a barrel and U.S. West Texas Intermediate crude climbing above $101 a barrel by 2202 GMT.
Brent crude futures gained 81 cents, or 0.78%, to $104.68 a barrel.
U.S. West Texas Intermediate crude rose 76 cents, or 0.76%, to $101.06 a barrel.
The OPEC+ alliance decided on Sunday to keep its oil production targets unchanged for November, as exports ranged between 60% and 80% of their normal levels over the past few months.
Fars News Agency said Iran’s Islamic Revolutionary Guard Corps Navy targeted 7 tankers over 5 days, including two Kuwaiti tankers and 3 tankers linked to the United Arab Emirates, while tracking data showed that oil tanker traffic through the Strait of Hormuz had virtually stopped since the evening of October 3, 2026.
Seven OPEC+ countries agreed to keep required oil production levels for November 2026 at September levels for a second consecutive month. Their next meeting is scheduled for Nov. 1, 2026.
The OPEC+ alliance has tentatively agreed to keep its oil output targets unchanged in November, according to three sources familiar with the matter, ahead of a meeting of seven alliance members on October 4, 2026, to review market conditions.
