3 stories on oil price from MarketRadar.
Brent crude fell 1.6% to $104.42 and WTI slid 1% to $94.11 on Thursday as the US weighed easing sanctions on shadow-fleet tankers — even as two ships sank near the Strait of Hormuz.
JPMorgan's October 9 commodities note puts delivered prices back at spring highs — not because barrels are scarce, but because 766 of a 923-strong global supertanker fleet are already at work.
Brent futures traded near $104 a barrel on Friday, keeping a near-$12.50 premium over US crude, as attacks on tankers in the Strait of Hormuz reached their highest weekly count since the Iran conflict began.
