Brent is back under $100 a barrel after topping $108 last week, with Gulf exports bouncing back to prewar levels and Saudi Arabia restarting shipments from one of its key ports.
U.S. oil stockpiles also unexpectedly went up last week, which is not what traders want to hear when they’re betting on a shortage.
The war premium is finally leaking out of the market, at least it’s doing that right now.
Source: Reuters / Writer: Julie


