4 Hrs
Source:
المشهد العربي
Brent Oil Prices Stay Above $101
Oil prices showed a mixed performance during Thursday’s trading, with Brent crude remaining above $101 per barrel. This came amid rising tensions between the United States and Iran following mutual attacks in the Strait of Hormuz, which could lead to broader disruptions in oil supply lines. Tehran's announcement of targeting several ships in response to Washington’s sinking of five Iranian tankers, along with warnings from the Iranian Revolutionary Guard, heightened market concerns. At the same time, the U.S. Energy Information Administration raised its forecasts for oil prices in 2026 due to declining global inventories resulting from disruptions in Middle Eastern supplies. Meanwhile, markets are awaiting the release of official U.S. oil inventory data.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)