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Al-Erssad Alerts Thunderstorms Through Next Week
Source: مباشر
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The global oil market experienced a sharp increase due to a wave of Asian buying, as refining companies in China and India, the world's largest oil importers, boosted their spot purchases of Middle Eastern crude oil. This pushed the prices of Murban and Oman grades to high levels, with Dubai futures surpassing $100 per barrel for the first time. Geopolitical tensions and attacks on oil tankers have restricted flows through the Strait of Hormuz, leading to a decline in Saudi exports and a drop in inventories. The market remains vulnerable to further price fluctuations in the coming period.
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