The Commodities Feed: Brent builds geopolitical premium as Gulf risks rise

🌐 Hellenic Shipping News (Greece) —

AI Summary

Brent crude rose 4% to just above $113 per barrel as concerns about renewed Persian Gulf escalation raised the risk of supply disruptions. The rally reflects a growing geopolitical premium rather than a change in current fundamentals.

Energy – European gas storage draws start Oil prices surged yesterday, with front-month ICE Brent settling 4% higher at just above $113/bbl. The rally is being driven less by current fundamentals than by mounting supply concerns. Markets are increasingly worried about renewed escalation in the Persian Gulf, a scenario that could threaten oil flows that ...

Security Conflict Markets Commodities Energy Shipping Brent crude oil prices Persian Gulf geopolitical risk supply concerns

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