HOUSTON, Oct. 9, 2026 /CNW/ -- Oil Market Daily News Commentary - The U.S. Energy Information Administration now expects Brent crude to average $96.32 a barrel in 2026 and $83.74 in 2027, up from $91.01 and $73.74 a month ago, according to its October Short-Term Energy Outlook released this week. It is the third consecutive increase for both years, and the agency sees Brent averaging about $105 in the fourth quarter. Oil companies spent the week putting that price environment to work, announcing four separate transactions in four trading days, while a European major gave the market an early read on how much the third quarter paid. Active Companies from around the markets with current developments this week include: Cenovus Energy Inc. (NYSE: CVE), Energy Transfer LP (NYSE: ET), Chevron Corporation (NYSE: CVX), Crescent Energy Company (NYSE: CRGY), Shell plc (NYSE: SHEL).
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Four Energy Deals in Four Days as Brent Holds Above $100
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