🛢️ Oil flows from the Gulf exceed pre-conflict levels
US Energy Minister Chris Wright said that oil flows from the Gulf exceeded 20 million barrels per day on Sunday, surpassing average levels recorded before the conflict.
📌 These figures reflect an improvement in supply movement and ease market concerns about a shortage of oil, which could limit upward pressure on prices if high flows continue.
However, markets will continue to closely monitor geopolitical developments, because any new escalation could quickly bring supply risks back.
#Oil #Energy #Markets #brent
US Energy Minister Chris Wright said that oil flows from the Gulf exceeded 20 million barrels per day on Sunday, surpassing average levels recorded before the conflict.
📌 These figures reflect an improvement in supply movement and ease market concerns about a shortage of oil, which could limit upward pressure on prices if high flows continue.
However, markets will continue to closely monitor geopolitical developments, because any new escalation could quickly bring supply risks back.
#Oil #Energy #Markets #brent