Rory Johnston: Brent crude falls below $100 per barrel for first time since pipeline attack

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Brent crude dips under $100 on diplomacy

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21.09.2026

Rory Johnston: Brent crude falls below $100 per barrel for first time since pipeline attack — Brent crude dips under $100 on diplomacy

Rory Johnston reports that Brent crude has dropped below $100 per barrel for the first time since before the attack on the East-West pipeline.

He suggests that the market is placing its faith in the latest round of diplomatic efforts.

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Earlier this year, Johnston noted that U.S. diesel crack spreads versus Brent crude approached $100 per barrel, hitting record territory in daily trading levels (/news/market-voices/show/3167035-diesel-crack-spread-record/). He also reported that diesel prices matched crude levels as crack spreads surged to new highs (/news/market-voices/show/3299053-diesel-crack-spreads-record/). These previous developments highlighted heightened volatility in refined fuel pricing earlier in the year.

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