Oil Closes Again More than $90 to the Road of Hostilities in Ormuz Economic Journal

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Markets are incorporating the expectation of yet another wave of price pressure as the oil barrel continues to rise, keeping itself above $90 for both Brent, the European reference, and the crude.

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WTI closed to $ 91.01 and Brent reached $ 95.63 after attacks limiting traffic in the Strait of Ormuz. Trump declared that the passage is under American control.

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Brent for November closed at 1.04%, at $95.63 per barrel, and WTI for October closed at 0.88%, at $91.01 per barrel

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Donald Trump declared on Wednesday that the Strait of Ormuz is under American control