Impact on each asset
USD ▲US dollarTailwind
XAU ▼GoldHeadwind
US ■US stocksLimited
SET ▲Thai stocksTailwind
BTC ■CryptoLimited
Summary
Brent crude settled at $106.65/bbl on 12 Oct, up $1.93 (1.8%), the highest since 15 Sept, with WTI rising $1.89 (2%) to $93.74/bbl. Geopolitical tensions in the Middle East outweighed prospects of additional supply despite ceasefire agreement signals.
Why it moves markets
Middle East geopolitical risk remains a major driver of oil prices. Goldman Sachs raised its December Brent forecast to $90 from $85, embedding a risk premium of just over $20/bbl, reflecting persistent unease despite some supply relief measures.
Deeper view and what to watch
Watch whether the $20+ risk premium persists as a barometer of true market anxiety. Upcoming US inflation data (CPI, Core CPI on Wed 14 Oct, and PPI on Thu 15 Oct) could shift Fed rate expectations and reshape the interest-rate structure that influences oil demand forecasts. Monitor further signals on Russia-Ukraine energy truce stability.
For education only, not investment advice. Prices and figures change constantly, so check the sources before making decisions.