Refinery Utilisation

Brent crude is drawing renewed attention as traders watch whether a move above $100 could reset market psychology and reopen a path toward $120, $126 and potentially $130. Tight refined product markets, low U.S. emergency reserves and stretched refinery capacity are keeping the energy complex in focus ahead of the fourth quarter.

Brent and WTI have been jolted by renewed U.S.-Iran tensions, but the more durable market driver may be a broad restocking cycle. FXCOINZ examines why strategic reserves, refinery demand and higher shipping costs could support a tighter crude market into 2026.