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Brent Tops $112 As Tanker Attacks And Saudi Strikes Fuel Escalation Fears
Brent Tops $112 As Tanker Attacks And Saudi Strikes Fuel Escalation Fears Despite our overnight note titled "More Oil Is Leaving The Gulf Than Before The War": And Here Comes The Shocking Freight Bill, Brent crude futures topped $112 a barrel early Thursday as fears of escalation in the Gulf area mounted and chaos and turmoil continued. There's a bunch of overnight news pushing Brent prices higher. Let's begin with news that the Iranian military claims it hit four "violating" oil tankers with projectiles while they were transporting crude in the northern Persian Gulf. The sem