Crude oil stays above $100
Oil prices have remained above $100 per barrel, with Brent futures holding steady at the $100 level, supported by increased exports from the Gulf region and supply risks stemming from geopolitical tensions and weather conditions in the United States. Brent crude modestly rose by 0.35% to reach $100.93, while West Texas Intermediate increased by 0.17% to $89.59. Saudi Arabia has seen its exports via the East-West Pipeline increase to 5.8 million barrels per day, amid security threats from attacks on airports in Saudi Arabia and tensions between the United States and Iran. With ongoing tensions in the market, discussions about potential disruptions to oil supplies, as well as the impact of weather and security events on prices and global stability, continue to be prominent.
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