Brent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military Moves
Crude oil prices are set for a modest weekly decline as reports of a strong rebound in oil flows out of the Persian Gulf offset news of more U.S. troops moving to the Middle East and China’s decision to halt fuel exports this month. Brent crude was trading above $102 at the time of writing.
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Why: Gulf export rebound offsets risks but Brent holds above $102
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At publication → CurrentBRENTOIL101.86 → 102.21+0.3%