Before the weekend, the situation on the crude oil market was optimistic. At the end of the day on Friday, a barrel of Brent dropped to around $93. Two days have passed and investors and drivers have woken up to the reality that oil is priced a few dollars higher.
On Monday morning, the stock market quotations even exceeded $98 for a moment. per barrel. Later there was a correction to around USD 95, but the result was still higher than before the weekend by about 2%..
“Oil already increased on June 7 when new firefight between Iran and Israel put the regional truce at risk, the same day Bloomberg reported 100 days since the war began and OPEC+ agreed a fourth consecutive symbolic increase in production quotas” – comments Daniela Sabin Hathorn, senior financial market analyst at Capital.com.
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Capital.com data shows that crude oil instruments recorded more than $9.2 billion. trading volume and over 1.4 million transactions in the nine days to June 4, 2026. “This signals continued involvement of retail investors in oil throughout all phases of the conflict cycle” – pointed out Daniela Sabin Hathorn.
Oil price. China in the game
CNBC draws attention to an interesting thread. “A sharp decline in China's oil imports has helped to halt the rise in oil prices since the outbreak of the war between the US and Iran. However, analysts warn that price increases will be necessary as market balance is gradually restored“- we read.
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Societe Generale indicates that the market will ultimately demand higher oil prices in the future as global oil supplies deplete and strategic reserves need to be rebuilt. In their note, the bank's analysts said that a 14 percent decline in global crude oil supply, mainly caused by the closure of the Strait of Hormuz, resulted in an increase in prices by approximately 30 percent. By comparison, the 1973 OPEC oil embargo reduced supply by about 7 percent but caused prices to skyrocket by about 134 percent.
