WTI gains 0.69% as Brent falls amid supply risks
By the AFREEQUE newsroom, based on Expansao
Oil prices moved in opposite directions during the week: WTI gained 0.69% to $90.02 a barrel, while Brent fell 0.73% but remained above $100. Tensions in the Middle East and risks to the Strait of Hormuz are fuelling uncertainty over supply, according to Expansão.
WTI rose 0.69% over the past seven days to reach $90.02 a barrel, while Brent fell 0.73% but remained above $100. The divergent movements of the two oil benchmarks continued for a second consecutive week, Expansão reports.
Prices remain influenced by uncertainty surrounding crude oil flows in the Middle East and the risk of further supply disruptions. At the start of the week, the resumption of flows from the region and the mobilisation of global reserves raised hopes of an improvement in supply, according to Expansão.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
