Oil Touches $107 as Middle East Flare-up Heightens Supply Worries
12 Articles
12 Articles
In the week, Brent's barrel of the North Sea reached more than $107
Oil touches $107 per barrel as Hormuz remains choked for over six months
This week, oil prices surged past a hundred dollars per barrel amidst growing worries over supply disruptions caused by attacks on shipping routes in the Middle East. US fuel prices reflect this trend as supply chains experience strain. The trajectory of future oil prices will heavily depend on China's import choices, with OPEC adjusting its global oil demand growth forecast for 2026.
Week in Review – Oil Prices Head for Strong Weekly Gain as Gulf Supply Risks Intensify - Mansfield Energy
Oil prices pulled back on Friday after a sharp rally, but the broader trend remains firmly higher as disruptions across the Middle East continue to tighten global energy markets. WTI was trading more than $3 per barrel lower Friday morning after Thursday’s gains, but still on track to finish the week roughly $7 per barrel higher. The biggest concern remains supply. Fighting around key shipping routes has intensified, while disruptions to Saudi A…
The increases are already being reflected in the wholesale fuel market, with gas station owners talking about new price increases over the weekend. More...
The energy market is under strong pressure after the dangerous escalation of tension in the Persian Gulf, with Brent oil even exceeding 107 dollars per barrel. The rise in international prices is causing concern about new fuel increases, while the government is considering interventions to support households and businesses, if the crisis becomes longer. ... More www.ertnews.gr
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