S05 Ep04 Energy Market Update: Oil supply risks mount as Middle East tensions intensify

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Trump’s efforts to lower diesel prices have had little lasting impact, with New York futures near $200 a barrel. Brent crude touched $110 as attacks on shipping in the Strait of Hormuz and regional tensions intensified.

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19 Oct English South Africa Business

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Brent crude reached $117.50 a barrel last week as renewed attacks on shipping in the Strait of Hormuz heightened supply concerns. Physical market tightness, rather than speculative buying, appears to be driving prices, while options signal concern about further near-term increases. Please note: this podcast is provided for information purposes…
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