WTI Oil rises beyond $100 on supply disruption fears
Oil rallies on news of increasing incidents in vessels crossing the Strait of Hormuz this week, while Iran-backed Houthis renewed attacks on Saudi oilfields.
Original · FXStreet AI summary of public reporting
Why: Strait of Hormuz incidents and Houthi attacks on Saudi fields → supply disruption fears
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Prices since publication
At publication → CurrentCL100.70 → 100.26−0.4%
BRENTOIL109.72 → 109.13−0.5%