20 Hrs
Source:
اقتصاد سكاي نيوز عربية
Brent surpasses $110 amid ongoing tensions
Oil prices, especially Brent crude, exceeded $110 per barrel, marking the highest level in five months, amid growing geopolitical concerns in the Gulf region. The market has taken into account attacks by Houthi rebels on ships, with reports of at least 18 vessels being targeted over the past two weeks, increasing the risks of energy supply disruptions in the area. Brent remains above $110, with expectations that the market will continue to be supported by geopolitical tensions, although a potential decrease in risk premiums might occur if flows remain uninterrupted. Additionally, the market is influenced by a possible decision by Trump regarding sanctions on Russia, as Russia's oil production reached 8.43 million barrels per day in September, still 870,000 barrels lower than the previous year.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)