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عين ليبيا
Oil prices climb as gold stays steady
Oil prices rose during Wednesday’s trading session, supported by improved crude flows from the Middle East, despite ongoing security risks and high shipping costs. The price of Brent crude increased by 1% to reach $101.55 per barrel, while West Texas Intermediate (WTI) reached $90.25. Data indicate that oil exports from the region have surpassed pre-conflict levels, with Hormuz Strait flows reaching approximately 80% of their previous levels, despite recurring attacks on oil tankers in the Strait. Although the geopolitical risk premium has diminished, inflationary drivers and security pressures continue to keep crude prices elevated. Market forecasts suggest the average Brent price could rise to around $105 in the last quarter of 2026, driven by declining global inventories and a tightening diesel market. Meanwhile, demand for gold remains supported by reduced expectations of interest rate hikes and ongoing geopolitical uncertainty.
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