Oil Tops $100 as Supply Crisis Deepens | HappeningNow.news

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Oil Tops $100 as Supply Crisis Deepens

Crude oil prices were on course for a sizable weekly gain today, as the Strait of Hormuz remains almost entirely paralysed and the Yemeni…

Source OilPrice AI Summary Updated 2h 53m ago
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Crude oil prices were on course for a sizable weekly gain today, as the Strait of Hormuz remains almost entirely paralysed and the Yemeni Houthis target tankers in the Bab el-Mandeb Strait in the Red Sea. To make matters worse, Kazakhstan has suspended oil flows via the Caspian Pipeline Consortium system following Ukrainian drone attacks. At the time of wri…

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