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via finance.yahoo.comEconomy

ASX futures inch higher as oil surges above $110 a barrel Brent

FROM THE WIRE · FINANCE.YAHOO.COM

The Morning Bull - Australian Market Morning Update Thursday, 22 Oct 2026 Australian equities are set for a cautious open, with sentiment pinned to one thing: expensive energy. Brent crude pushing above US$110 a barrel has quickly turned the overnight tone defensive for the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishExpensive oil feeds inflation fears and weighs on rate-sensitive sectors and margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent crude pushed above $110 a barrel, turning the market tone defensive.
  2. 02US crude inventories fell by 3.061 million barrels, much more than expected.
  3. 03Middle East supply risk keeps oil prices elevated.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity112.92 USD-0.10%today -0.22%Positive Crude Oil WTICOMMODITY:WTICommodity99.02 USD-0.45%today -0.45%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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