Oil Ends Week Higher as Middle East Supply Routes Stay Impaired
September 4, 2026
News summary: Reuters reported Brent settled up 76 cents, or 0.8%, at $96.28/bbl and WTI gained 18 cents, or 0.2%, to $91.48/bbl. Brent rose 7.6% for the week and WTI gained nearly 10% while Middle East supply routes remained impaired.
Market context: The final settlement replaced the earlier intraday reading, while constrained Hormuz traffic kept freight availability, AIS visibility, war-risk insurance and offer validity central to Gulf cargo execution.
Archive date: September 4, 2026