Energy · 3 views
Wright Says Gas Prices Peaked As Brent Holds Above $108
Brent briefly hit $109.99 before retreating as Gulf supply recovers, while Energy Secretary Chris Wright says US gasoline and diesel prices have peaked.
AI Summary
Brent crude futures briefly reached $109.99 a barrel in overnight trading before falling from five‑month highs. The decline occurred during the Asian session and continued into European trading. Analysts cite a rebound in Middle Eastern supply as a factor. At the same time, renewed attacks on energy infrastructure and critical maritime shipping lanes have also influenced market dynamics.
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