Global oil benchmarks Brent and WTI are both currently trading above $90 per barrel hitting 10-month highs on tighter supply expectations and improved market fundamentals. Question on every commentators’ mind is whether a return $100 oil prices is imminent?
At 10:49am EDT on Friday (September 15, 2023), the Brent front month futures contract was up $0.088 or 0.09% to 93.78 per barrel, having briefly risen above $94, while the WTI was at $90.72 per barrel, up $0.56 or 0.62%.
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