Energy
5.5
Brent holds above $109 as Middle East tensions and US inventory draw support prices
Published 1 h ago2 sourcesEvidence: Reported
SeverityModerateAssessedDeveloping storyInterfaxLow-rated sourceUS
Oil prices climbed over $1/barrel as Middle East supply concerns and ongoing ship attacks escalate, compounded by a draw in U.S. crude and product inventories. The market is pricing heightened geopolitical risk premium, though the magnitude of supply disruption remains uncertain.
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