Sep 10analysis
Why oil is back above $100: five forces behind the spike
WTI is near $100 and Brent above $104, up a third since early August. Tanker attacks, Saudi output at a 36-year low and drained stockpiles explain why.
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Sep 9oil
Brent tops $100 after US strikes sink five Iranian tankers
Brent broke above $100 for the first time since July after US forces destroyed five Iranian tankers and Tehran fired ballistic missiles at a base in Jordan.
Sep 8oil
Brent nears $100 after Houthi strike on Aramco's Jazan refinery
Brent climbed to $98.68 and WTI to $94.20 after a Houthi strike hit Aramco's 400,000 bpd Jazan refinery, a key link in Saudi Arabia's Hormuz workaround.
Sep 5market
US diesel hits a record $5.85 as the supply crunch deepens
US diesel prices hit an all-time high of $5.85 a gallon on Thursday, topping the 2022 record, as Hormuz disruption and Russia's export ban squeeze supply.
Sep 2oil
WTI nears $91 as US strikes hit Iran's southern coast
WTI climbed to $89.67 and Brent touched $95.45 after US strikes hit seven sites on Iran's coast and projectiles struck two tankers near the Strait of Hormuz.
Sep 1oil-prices
Crude spikes 5% as Iran targets US bases in Jordan and the UAE
WTI crude surged 5.3% to $88.04 and Brent rose to $92.40 after Iran fired missiles and drones at bases hosting US troops in Jordan and the UAE overnight.
Aug 31oil-prices
Oil jumps 3% as strikes return to the Strait of Hormuz
WTI jumped 3.2% to $86.27 and Brent climbed to $91.14 after US forces struck Iranian rocket launchers preparing to float sea mines into the Strait of Hormuz.
Aug 27oil-prices
With its fear premium gone, oil looks to Jackson Hole
Fed Chair Kevin Warsh gives his first Jackson Hole keynote on Friday. With oil's risk premium drained, his words on rates may set crude's next direction.
Aug 25oil-prices
Analysis: three days that drained oil's fear premium
Brent has fallen nearly 10% in three sessions, from $94.39 to $85.07, while the Strait of Hormuz stays nearly shut. What changed was belief, not barrels.