Times of IndiaLean R·
Oil price today: Brent crude holds firm at $115 per barrel, WTI trades at $100
After the Houthis announced a missile strike, Brent crude prices jumped to $115 a barrel, intensifying fears of oil supply disruptions from the conflict-laden Middle East. Additionally, a slight uptick in US oil inventories influenced trader responses. With expectations that OPEC+ will stick to existing output targets in their next assembly, the landscape of the oil market remains increasingly intricate, especially with ongoing apprehensions regarding Russian crude exports.
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