海湾供应改善与中东风险回归，WTI油价剧烈震荡

By Editorial Dept - Oct 02, 2026, 9:45 AM CDT

November WTI crude oil futures spent the week caught between two opposing trades. Gulf crude flows improved as Saudi Arabia restored export routes and producers found ways around the Strait of Hormuz disruption. That was the supply relief sellers needed.

The fuel market would not let them run with it. Diesel, gasoline and jet-fuel flows remain constrained, Russia has restricted diesel exports, and China has pulled refined-product cargoes from the export market. Reports Thursday that the United States is sending a third carrier strike group to the Middle East put the escalation premium back into the trade.

At 23:23 GMT Thursday, November WTI crude oil futures are trading at $93.00, up $0.56 or +0.61% for the week. The contract traded from $88.58 to $96.54.

Gulf Barrels Gave Sellers Something to Work With

The break to $88.58 showed traders were willing to believe the crude supply problem was easing. Saudi Arabia restarted the East-West Pipeline and resumed tanker loadings at Yanbu, restoring an export route to the Red Sea. The pipeline does not make Hormuz irrelevant, but it gives Saudi Arabia a way to move barrels without depending on the Strait.

Goldman Sachs estimated Gulf oil exports, including dark exports, recovered to 23.3 million barrels per day over the prior week, near the 2025 average. That is a large improvement from the period when disrupted Saudi loading plans put a much bigger supply premium into WTI and Brent.

The recovery…

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