← All stories
Markets 1 sources

Hormuz is reopening, so why are oil prices still racing towards $100?

Covered by 1 source · 1 article

Oil prices rose on Friday, keeping Brent above $96 a barrel and WTI above $92 as renewed US-Iran fighting outweighed signs that Washington was managing to keep more crude moving through the Strait of Hormuz. Brent crude gained 0.6% to $96.0…

Covered by

All coverage

Hormuz is reopening, so why are oil prices still racing towards $100?
Invezz 1h ago

Hormuz is reopening, so why are oil prices still racing towards $100?

Oil prices rose on Friday, keeping Brent above $96 a barrel and WTI above $92 as renewed US-Iran fighting outweighed signs that Washington was managing to keep more crude moving through the Strait of Hormuz. Brent crude gained 0.6% to $96.0…