Brent crude traded at $108.51 a barrel on the morning of October 16, up from $106.67 the morning before and $61.23 a year ago, Fortune reported.
Hormuz Attacks Keep a Risk Premium in Oil
Iranian strikes on tankers in the Strait of Hormuz have continued, and Kpler reported daily oil flows of 11.62 million barrels in the week to October 13, against a baseline of 17.15 million, OilPrice.com said on October 16.
President Donald Trump suggested lifting sanctions on some shadow fleet tankers to...
