Brent Edges Up 0.7% to US$101 as Petrobras Falls | Oil, Oct 6
Oil edged up on 6 October as Saudi supply risk offset the G7 reserve release. The EIA sees Brent at US$105 in Q4; Latin American producers fell. The post Brent Edges Up 0.7% to US$101 as Petrobras Falls | Oil, Oct 6 appeared first on The Rio Times .
Oil prices rose on Tuesday, October 6, 2026, as Brent crude gained roughly 0.7% to around US$101 per barrel and West Texas Intermediate (WTI) increased about 0.4% to US$89.8. The G7's plan to release up to 100 million barrels of emergency stock weighed on prices, while Houthi claims of attacks on Saudi targets maintained supply risk.
However, Latin American oil shares did not follow the higher benchmark. Petrobras, Ecopetrol, and YPF all fell in New York trading. Analysts noted that the G7 release, though a one-off supply boost, does not resolve the tight market conditions.
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