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Why $100 Oil Is Hard to Kill

Brent Crude oil prices have held above $100 per barrel for most of the past month despite numerous reports and figures put out in recent weeks by tanker-tracking services and investment banks that…

  • Brent Crude prices stay above $100 per barrel despite increased Strait of Hormuz flows.
  • Freight rates at record highs, war risk premiums surge due to tanker attacks.
  • Gulf producers use less efficient routes, increasing costs and supply time.

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