https://www.live-feeds.com/feed/dated-brent-above-120-signals-a-serious-oil-squeezeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/dated-brent-above-120-signals-a-serious-oil-squeezehttps://www.live-feeds.com/feed/dated-brent-above-120-signals-a-serious-oil-squeeze#u100304Sun, 04 Oct 2026 22:10:46 +0000Physical oil markets are tightening sharply as Dated Brent prices climb above $120, even as ICE Brent trends toward $101. This squeeze coincides with China resuming curbs on fuel exports and canceling some shipments to prioritize its own domestic supply. While Gulf exports are recovering and US-Iran diplomacy remains a focal point, the Chinese restrictions are adding significant stress to global energy markets. This divergence between physical and futures pricing indicates a severe shortage of available immediate-delivery crude.Why it mattersDated Brent serves as a benchmark for physical oil t