đš OIL REBOUNDS ABOVE $100 â HORMUZ SHIPPING RISKS RISE
Oil prices climbed again as attacks and security risks around Gulf shipping routes raised fresh concerns about Middle East supply.
đ Key Points
âą Brent crude: $101.53 (+1.33%)
âą WTI crude: $89.39 (+1.26%)
âą U.S. crude inventories fell 3.2M barrels
âą Diesel inventories also declined
âą Tanker attacks around the Strait of Hormuz reached their highest weekly level since the war began
âą Hormuz previously carried around 20% of global oil & fuel shipments
đ Market Insight
The IEA's strategic-stock release can provide temporary supply relief, but it does not create new production capacity. With shipping risks rising and U.S. crude inventories falling more than expected, the oil market remains highly sensitive to further supply disruptions.
đąïž Asset to Watch: Brent Crude
#Oil #BrentCrude #WTI #EnergyMarkets #commodities $BZ $CL
Oil prices climbed again as attacks and security risks around Gulf shipping routes raised fresh concerns about Middle East supply.
đ Key Points
âą Brent crude: $101.53 (+1.33%)
âą WTI crude: $89.39 (+1.26%)
âą U.S. crude inventories fell 3.2M barrels
âą Diesel inventories also declined
âą Tanker attacks around the Strait of Hormuz reached their highest weekly level since the war began
âą Hormuz previously carried around 20% of global oil & fuel shipments
đ Market Insight
The IEA's strategic-stock release can provide temporary supply relief, but it does not create new production capacity. With shipping risks rising and U.S. crude inventories falling more than expected, the oil market remains highly sensitive to further supply disruptions.
đąïž Asset to Watch: Brent Crude
#Oil #BrentCrude #WTI #EnergyMarkets #commodities $BZ $CL