Brent crude topped $100 a barrel for the first time since July. With oil still flowing through the Strait of Hormuz, the fundamental picture looks better than months ago, Muyu Xu from Kpler said, meaning prices could retreat from here ▻ ↧ Brent crude rises above $100 a barrel as Middle East conflict inten... Brent crude oil futures hit six-week highs as intensifying conflict in the Middle East heightened concerns about oil flows, catching up to physical oil and fuel prices which have passed the psychological threshold already.
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Brent crude topped $100 a barrel for the first time since July. With oil still flowing through the Strait of Hormuz, the fundamental picture looks better than months ago, Muyu Xu from Kpler said, meaning prices could retreat from here ▻
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