Crude oil prices started the week mixed, influenced by a tentative Russia-Ukraine ceasefire and a new Russian diesel supply deal, which eased some market tightness. However, ongoing risks from attacks near the Strait of Hormuz and Saudi airport strikes keep supply concerns alive. Gulf of Mexico production is resuming after Hurricane Isaias, adding supply pressure. Key price levels for WTI and Brent will guide market direction amid these geopolitical and supply dynamics.
Oil market conditions as of Oct 12, 2026 12:21 WIB provide context for this update. For readers following energy stocks, here is Pluang's market snapshot: out of 62 priced Energy-sector US stocks tradable on Pluang, 44 rose and 17 fell today. Notable gainers include FANG (Diamondback Energy Inc) at USD 191.09 with a 1-day change of +3.64%, EQNR (Equinor ASA) at USD 43.01 up +3.36%, and SHEL (Shell PLC) at USD 100.00 rising +3.25%. The most notable figure is FANG's 3.64% increase.
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