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Brent crude surged above $111 a barrel and WTI near $106, posting a roughly 12% weekly gain. The rally is driven by fears of a Strait of Hormuz blockade after President Trump intensified his rhetoric on the issue. A disruption there would cut off a major share of global oil supply with no easy alternative route.
WTI crude jumped 6.61% to $106.58 and Brent rose 5.9% to $117.81, marking eight straight days of gains. A sharp fall in US oil inventories reported by the EIA, combined with no progress on the ongoing Middle East conflict, drove the rally. Sustained prices above $100 raise inflation and fuel cost concerns across major
Oil prices dropped nearly 10% after Iran confirmed the Strait of Hormuz would remain open during the US-Iran ceasefire, collapsing the geopolitical risk premium embedded in Brent crude and WTI. The move directly benefits fuel-intensive sectors including aviation and shipping while pressuring energy producers. Analysts
Tag
Brent crude surged above $111 a barrel and WTI near $106, posting a roughly 12% weekly gain. The rally is driven by fears of a Strait of Hormuz blockade after President Trump intensified his rhetoric on the issue. A disruption there would cut off a major share of global oil supply with no easy alternative route.
2mo ago · 1 min · Markets
WTI crude jumped 6.61% to $106.58 and Brent rose 5.9% to $117.81, marking eight straight days of gains. A sharp fall in US oil inventories reported by the EIA, combined with no progress on the ongoing Middle East conflict, drove the rally. Sustained prices above $100 raise inflation and fuel cost concerns across major
2mo ago · 1 min · Markets
Oil prices dropped nearly 10% after Iran confirmed the Strait of Hormuz would remain open during the US-Iran ceasefire, collapsing the geopolitical risk premium embedded in Brent crude and WTI. The move directly benefits fuel-intensive sectors including aviation and shipping while pressuring energy producers. Analysts
2mo ago · 1 min · Markets
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