Brent crude holds near $105 per barrel as geopolitical tensions in the Middle East drive volatility, while Gasoil prices continue to climb sharply since Tuesday.
Brent crude prices reached approximately $105 per barrel following reports of Iran striking tankers, reflecting heightened geopolitical risk in the region. Although prices experienced a slight pullback following US comments regarding potential talks with Iran, the market remains elevated due to the ongoing volatility.
Brent crude is trading around $105 per barrel.
Gasoil prices have seen a sharp increase since Tuesday, tracking the broader upward momentum in the energy complex. The commodity remains elevated alongside crude oil as market participants account for the supply risks associated with the Iran-related tanker incidents.
Gasoil has been sharply higher since Tuesday, maintaining elevated levels.
Brent crude prices remain elevated near $105 per barrel following reports of Iranian strikes on tankers. While prices retreated slightly after US officials signaled potential diplomatic talks, the market remains sensitive to geopolitical risks in the region.
Oil prices are trading near $105 per barrel due to heightened geopolitical tensions following Iranian strikes on tankers.
Gasoil prices have seen a sharp increase since Tuesday, reflecting broader supply concerns in the refined products market.