ReportedShipping, energy & marketsGlobal oil markets
Brent reaches $114 a barrel as WTI trades above $100
- Mountain Time
- Local time
- 5:33 AM UTC, Oct 23
- Where
- Global oil markets
OilPrice.com reported Brent crude trading at $114.00 a barrel and West Texas Intermediate at $100.40. The report attributed market pressure to Houthi attacks threatening Saudi energy infrastructure, Libyan supply disruptions and fears of renewed U.S.-Iran hostilities.
Why it matters
The quoted Brent price is $2 above the $112 level previously recorded on the board, raising crude acquisition costs for refiners and importers.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels