- Brent crude traded at $99.27 per barrel on September 22, 2026, up 4.31% from a month earlier and 48.87% from a year ago.
- Higher oil prices stoked inflation worries, and data showing US business activity at the fastest pace since 2021 reinforced Fed-hike bets, sending stocks and bonds lower.
- US crude inventories built 2.97 million barrels versus expected drawdowns, while gasoline stocks fell 1.67 million barrels and distillates dropped 428,000 barrels, tightening refined-product supplies.
Quotes
“Stocks joined bonds lower as higher oil prices stoked worries about inflationary pressures, which were further bolstered by data showing jump in US business activity at the fastest pace since 2021.”
“As of 6 a.m. Eastern Time on September 22, 2026, oil is trading at $99.27 per barrel, based on the Brent benchmark we'll explain in a bit.”
“new inventory data revealed a surprising 2.97 million barrel build in crude oil, contrary to expected drawdowns, which could exert downward pressure on crude prices”