Arya News - MOSCOW, (Sputnik) - Global oil prices accelerated their growth to nearly 6%, with the price of Brent crude climbing above $107 per barrel for the first time since May 21, trading data showed on Thursday.
As of 18:58 Moscow time (15:58 GMT), the price of Brent crude futures for November delivery was up by 5.67% from the previous close to $106.94 per barrel. Moments earlier, the price was above $107 for the first time since May 21. October WTI futures were up by 5.65% to $101.48 per barrel.This comes as the blockade of the Strait of Hormuz continues to heighten tensions in the region, as maritime traffic remains at less than 20% of pre-war capacity. On February 28, the United States and Israel began striking targets in Iran, to which Iran responded with its own strikes. In mid-June, Tehran and Washington signed a memorandum to cease hostilities, but shortly thereafter exchanged strikes again. At present, the conflict remains unresolved.
https://sputnikglobe.com/20260910/bank-of-america-assumes-oil-prices-could-rise-to-150-per-barrel---reports-1124712311.html
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MOSCOW, (Sputnik) - Global oil prices accelerated their growth to nearly 6%, with the price of Brent crude climbing above $107 per barrel for the first time since May 21, trading data showed on Thursday.
As of 18:58 Moscow time (15:58 GMT), the price of Brent crude futures for November delivery was up by 5.67% from the previous close to $106.94 per barrel. Moments earlier, the price was above $107 for the first time since May 21. October WTI futures were up by 5.65% to $101.48 per barrel.
This comes as the blockade of the Strait of Hormuz continues to heighten tensions in the region, as maritime traffic remains at less than 20% of pre-war capacity.
On February 28, the United States and Israel began striking targets in Iran, to which Iran responded with its own strikes. In mid-June, Tehran and Washington signed a memorandum to cease hostilities, but shortly thereafter exchanged strikes again. At present, the conflict remains unresolved.
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Bank of America Assumes Oil Prices Could Rise to $150 Per Barrel - Reports
14:49 GMT