ReportedShipping, energy & marketsGlobal oil market
Brent crude rises above $100 a barrel
- Mountain Time
- Local time
- 5:00 AM UTC, Oct 7
- Where
- Global oil market
Brent crude traded at $101.49 a barrel after rising back above $100, according to OilPrice.com. The outlet said the move followed reports of fresh Houthi attacks on Saudi infrastructure despite recovering Gulf crude exports and Saudi East-West pipeline flows.
Why it matters
A return above $100 raises the cost of crude for importers and can affect near-term fuel pricing and emergency supply decisions.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels