Brent fell 1.85% to $101.68 and WTI 1.82% to $94.34 as markets reassessed near-term conflict risk, while recovering Gulf crude flows and an unexpected 5.27 million-barrel US stock draw sent competing physical signals.
By 10:15 a.m. New York time, the S&P 500 was up 0.8%, the Dow 1.1% and the Nasdaq 1% as Brent fell 6.7% to $105.87; the moves recovered part of Friday’s losses but did not resolve the oil shock or doubts about AI capital returns.
Early Monday, January Brent was down about 3% near $110, gold rebounded 1% to $3,915 after a 6.8% October loss, and copper rose after a two-day correction; the divergence reflects diplomacy, positioning and supply constraints rather than one commodity cycle.
Brent rose 0.39% to US$116.26 and WTI to US$102.16 after reversing an earlier 1% loss, as Tehran talks offered hope while attacks, reduced Hormuz flows and low distillate stocks sustained the risk premium.
