Lates News

This week, the price difference between Brent crude and WTI crude oil has significantly widened to its highest level in nearly a decade. Market observers say that increased supply risks in the Middle East have exacerbated the gap between global and U.S. crude oil benchmarks. International oil benchmarks are holding above $100 per barrel due to severe disruptions in the Strait of Hormuz and attacks on key energy infrastructure in the Gulf region, causing concerns about supply shortages. Meanwhile, the U.S. crude oil benchmark WTI has relatively independently reflected domestic supply conditions.