Edward Hayden-Briffett
Research Analyst, Flux
On the brink!
Fears about an escalation of the Iranian tensions has sent Brent to new highs. Meanwhile, people are calling out the glut a myth
Fears about an escalation of the Iranian tensions has sent Brent to new highs. Meanwhile, people are calling out the glut a myth and China ends 2025 with record crude imports!
$65 was fun but our first trip above that mark this year didn’t last long, as Brent declined steadily through the Asian session and reached the close at $64.84/bbl.
But increasing commands from nations for citizens to leave Iran and Iranian threats against US regional bases and allies suddenly had the price surging again. Unfortunately, all the signs are pointing towards imminent war. we only hope the bigwigs keep those wigs firmly on. We even broke $66 for the first time since late October!
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