ReportedShipping, energy & marketsICE Brent market
Brent trades near $118 a barrel as Middle East tensions support prices
- Mountain Time
- Local time
- 4:51 PM in London
- Where
- ICE Brent market
ICE Brent was trading near $118 a barrel, putting it on course for a 13–14% gain for October, OilPrice.com reported amid concern over renewed U.S.-Iran hostilities and shipping attacks around Hormuz.
Why it matters
A move toward $120 raises crude-input costs for refiners and can feed through to fuel prices and emergency-stock decisions.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels