Energy
5.5
Brent holds above $109 as Middle East tensions and US inventory draw support prices
Published 20 h ago2 sourcesEvidence: Reported
SeverityModerateAssessedDeveloping storyInterfaxLow-rated sourceUS
Brent crude oil prices have risen above $110 per barrel, driven by a reduction in US crude and petroleum product inventories. The drawdown signals tighter physical supply, amplifying concerns over global supply disruptions. The sustainability of the rally depends on whether inventory declines persist and whether OPEC+ adjusts output.
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