After the Houthis announced a missile strike, Brent crude prices jumped to $115 a barrel, intensifying fears of oil supply disruptions from the conflict-laden Middle East. Additionally, a slight uptick in US oil inventories influenced trader responses. With expectations that OPEC+ will stick to existing output targets in their next assembly, the landscape of the oil market remains increasingly intricate, especially with ongoing apprehensions regarding Russian crude exports. After the Houthis announced a missile strike, Brent crude prices jumped to $115 a barrel, intensifying fears of oil supply disruptions from the conflict-laden Middle East. Additionally, a slight uptick in US oil inventories influenced trader responses. With expectations that OPEC+ will stick to existing output targets in their next assembly, the landscape of the oil market remains increasingly intricate, especially with ongoing apprehensions regarding Russian crude exports.
Trending
- Amazon updates AI usage rules for engineers in new memo
- Upset Palmer Luckey is not leaving California over ‘Billionaire tax’
- Netanyahu seeks ‘right-wing, national, strong govt’ in tight Israel election race
- Oil price today: Brent crude holds firm at $115 per barrel, WTI trades at $100
- NEET-PG counselling: Candidates struggle to join online as colleges remain unreachable
- Karnataka voter roll drops by nearly 1 crore, Gen Z makes up 20% of electorate
- Abhishek Sharma scripts history, breaks Rohit Sharma’s all-time world record
- ‘Ball was still seaming’: Iyer ‘mind-boggled’ by Abhishek, Sooryavanshi’s blitz