Oil Prices Rise as Middle East Risks Persist — Update
Bullish strength: 75/100
- Brent crude rose 1.1% to $114.39 a barrel, while WTI gained 1.3% to $100.77.
- Renewed U.S.-Iran hostilities and threats to Saudi energy infrastructure are sustaining geopolitical risk premiums.
- Strait of Hormuz flows remained around 26% below their prewar baseline.
- ING said its previous forecast for Brent to average $80 a barrel in the fourth quarter now appears unattainable.
Bearish strength: 25/100
- Regional oil shipments recovered above prewar levels, averaging more than 24 million barrels a day.
- ING said Gulf oil flows remained resilient despite elevated geopolitical risks.
- Saudi Arabia reported that operations at the Shaybah oil field were unaffected by the latest attack.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.