September 2026 Crude Oil Market Review: Escalation, Reversal and Buyer Watchpoints

September produced the strongest rally in the supplied period, followed by a material reversal. The data log shows NYMEX October above $100 and Brent November above $107 on September 10, while late-month values fell back. Because not every daily geopolitical explanation could be independently verified, the table preserves market figures without treating each narrative as established causation.

Date NYMEX ICE Brent China INE
Sep 3 Oct $91.30, +$0.29 (+0.32%) Nov $95.52, -$0.11 (-0.12%) 2610 ¥690.9, +¥13.6; night ¥678.6, -¥12.3
Sep 10 Oct $102.48, +$6.43 (+6.69%) Nov $107.63, +$6.42 (+6.34%) 2610 ¥768.4, +¥45.9; night ¥816.0, +¥47.6
Sep 30 Nov $90.42, +$1.04 (+1.16%) Nov $103.53, +$0.94 (+0.92%) 2611 ¥696.1, -¥20.8; no night session due to the National Day holiday

Procurement watchpoints

Buyers should monitor refinery supply and viscosity-specific availability, particularly for heavy grades such as Bright Stock. Packaging, payment timing, freight and destination can materially change a final quotation. Consult BAKLUCK’s base oil guide, market reference and bulk supply options together rather than relying on one futures close.

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