Why isn't oil above $100 despite supply disruptions?
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Why isn't oil above $100 despite supply disruptions?
Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the US-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea. #News #Reuters #Newsfeed #oil #brent #crudeoil #straitofhormuz #iran #iranwar #usiranwar Read the story here: https://reut.rs/3SSCYzt ...
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The US Vice President says 15 million barrels of oil passed through the Strait of Hormuz on Wednesday, almost reaching pre-war levels. But ship tracking data reveals the flow of oil remains restricted. #news
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