AFC EXECUTIVE MARKET BRIEF · MORNING EDITION 077

Three global markets.
One African commercial lens.

At the 4 September 08:00 CAT editorial cut, the latest corroborated 3 September settlements are November Brent $95.52/bbl (−0.12%), December gold $145,961.17/kg (+2.84%) and LME cash copper $14,359.00/MT (+0.03%). These dated closes are delayed benchmarks, not executable physical prices. Ghana has opened non-binding talks with Shell and Chevron over the South Deepwater Tano Cape Three Points block.

GLOBAL SNAPSHOT

Market pulse

Latest verified indication or close · prices are delayed · select a market to inspect

OIL

Brent crude · November

$95.52/bbl−0.12%
3 Sep 2026 · settlement · verified at 4 Sep 08:00 CAT

5D: only 1–2 Sep 2026 verified settlements shown; full period history unavailable. Range is sample minimum–maximum, not session high–low.

HOUSE SIGNALHigher verified close; delivery risk remains separate

November Brent settled at $95.52/bbl on 3 September, down $0.11 (0.12%) from $95.63. WSJ market data and Reuters secondary reporting agree. This is a dated settlement, not a 4 September intraday or executable physical quote.

AFC COMMERCIAL READ-THROUGH

Refresh EN590 benchmark, differential, freight, war-risk cover and credit at the quotation window; confirm vessel acceptance and passage. Treat Ghana’s offshore MoU as a negotiation signal, not booked production. For gold, verify assay, lawful origin, custody and refinery acceptance. For copper, specify cash or three-month, quotation period, payable terms and title.

WATCH

Named-vessel acceptance · written war-risk cover · CPMZ commissioning · refresh prices before execution

Newsquawk 2 Sep market wrap · MarketWatch settlement · CPMZ primary

AFRICA SIGNAL BOARD

Developments that alter the trade

THE 90-SECOND READ

Executive brief

01 · BOARD POSITION

Gold surges while oil and copper finish nearly flat.

At the 4 September 08:00 CAT editorial cut, the latest corroborated 3 September settlements are November Brent $95.52/bbl (−0.12%), December gold $145,961.17/kg (+2.84%) and LME cash copper $14,359.00/MT (+0.03%). These dated closes are delayed benchmarks, not executable physical prices. Ghana has opened non-binding talks with Shell and Chevron over the South Deepwater Tano Cape Three Points block.