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BRENT Soars Toward $98 as Massive Inventory Draw and Middle East Tensions Ignite

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The Story

News Summary

  • Brent crude climbed toward $97.60 as US crude inventories dropped by a larger-than-expected 7.97 million barrels.
  • Geopolitical instability in the Middle East, including military confrontations involving US and Iranian forces, provides additional upward pressure on oil prices amid supply security concerns.
Explore BRENT price history & advisor snapshot

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Stored market data

BRENT price history

109.26 +68.30% over the displayed period

Advisor Snapshot

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