Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Oil Prices No Longer Follow Headlines

A month ago, a series of news reports said oil flows out of Hormuz had recovered to pre-war levels, pushing oil prices lower. However, the rout did not last.

  • Oil prices remain above $116 per barrel despite fair value model suggesting $94
  • War premium on oil persists due to drone/missile attack risks and ship shortage
  • Analysts predict high prices will stay until clear sign of peace emerges

More from Sunday 1 November →