{
  "id": 10912851,
  "title": "Brent Oil: Prices reverse on supply headlines – Deutsche Bank",
  "url": "https://urgent.news/2026/09/30/brent-oil-prices-reverse-on-supply-headlines-deutsche-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T09:52:09.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/brent-oil-prices-reverse-on-supply-headlines-deutsche-bank-202609300952"
  },
  "original_language": "en",
  "account": "Brent Oil prices experienced a reversal on supply headlines, with Deutsche Bank's Jim Reid and team pointing out a sharp intraday decline in front-month prices while longer-dated contracts increased. Saudi Arabia's normalization of supply and the final US Strategic Petroleum Reserve release impacted spot Brent, while December 2027 futures reached new highs, indicating markets still anticipate prolonged disruption despite near-term relief. Initially, Brent crude rose to $107/bbl at the European open, but a Reuters report of Saudi Arabia resuming oil loadings from the port of Yanbu, coupled with the US announcing a 40m barrel release from its Strategic Petroleum Reserve, contributed to the pullback in oil and gas prices. Despite this, longer-dated Brent futures continued to rise, with the December 2027 future increasing by 0.65% to $80.81/bbl. Investors remained cautious due to the lack of progress towards a deal, as longer-dated contracts reflected their belief in extended disruption, even as increased oil flows from the Gulf eased near-term pressure.",
  "summary": "Deutsche Bank’s Jim Reid and team highlight a sharp intraday reversal in Brent Oil, with front-month prices dropping even as longer-dated contracts grind higher.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}