AFC EXECUTIVE MARKET BRIEF · MIDDAY EDITION 146

Three global markets.
One African commercial lens.

At the 13:00 CAT cut, delayed December Brent was $107.57/bbl (−2.08%) and Kitco’s public spot-gold bid was $4,165.30/oz or $133,917.50/kg (−0.10%) at 12:44 CAT. The latest eligible official LME copper cash settlement remained Friday’s $14,595.00/MT (+0.39%) because Monday’s official line was not yet published. Gold uses exactly 32.1507466 troy ounces per kilogram. These delayed or dated public references are not executable physical prices.

GLOBAL SNAPSHOT

Market pulse

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

OIL

Brent crude · November

$97.41/bbl+1.17%
7 Sep 2026 · 07:30 CAT · delayed futures indication

5D: 1–4 Sep settlements plus the 7 Sep delayed indication. Range is sample minimum–maximum, not session high–low.

HOUSE SIGNALOil firms after OPEC+ holds October requirements steady

Delayed November Brent was $97.41/bbl at 07:30 CAT on 7 September, up $1.13 (1.17%) from Friday’s $96.28 settlement after trading $96.24–$97.43. OilPrice.com independently indicated $97.37 near the same cut. This is delayed futures context, not an executable physical quote.

AFC COMMERCIAL READ-THROUGH

Refresh every EN590 input in-window. Separate benchmark, differential, freight, war-risk cover, inspection and credit; require current named-vessel acceptance and routing. Treat OPEC+’s October hold as a policy signal, not proof of prompt product allocation.

WATCH

$96.24–$97.43 range · vessel acceptance · war-risk cover · physical differentials

MarketWatch delayed data · OilPrice.com · OPEC primary · Reuters secondary

AFRICA SIGNAL BOARD

Developments that alter the trade

THE 90-SECOND READ

Executive brief

01 · BOARD POSITION

Oil gives back part of Friday’s surge; gold is nearly flat and copper remains dated.

At the 19 October 13:00 CAT cut, delayed December Brent was $107.57/bbl (−2.08%) and Kitco’s public spot-gold bid was $133,917.50/kg (−0.10%) at 12:44 CAT. The latest eligible official LME cash copper settlement remained Friday’s $14,595.00/MT (+0.39%).