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Brent crude stays above $100 despite Middle East flow rebound
Brent has stayed above $100 per barrel for most of the past month, even as tanker-tracking and banks cited recovered or exceeded pre-war crude exports from the Strait of Hormuz.
Brent crude has held above $100 per barrel for most of the past month, even as multiple reports and figures from tanker-tracking services and investment banks suggested Middle East crude flows have recovered, and in some cases exceeded, pre-war levels, according to OilPrice.
The article notes that if more crude is leaving the region again, the persistent strength in Brent has puzzled traders, with the price still hovering around the $100 level despite the flow rebound.
In the same snapshot of energy markets, the outlet also lists WTI at about $90 per barrel and natural gas around $3.12, alongside prices for heating oil, gasoline, and several crude benchmarks.
OilPrice frames the question as a link between resumed Middle East exports and why Brent has not fallen away from the $100 threshold.
Latest closeWTI crude $89.70 ▼1.6%|Brent $100.73 ▼1.5%|Nat gas $3.073 ▲1.2%