Brent price near $115 as Hormuz conflict premium holds: Brent-WTI spread stays near $13.7
North Sea Brent changed hands near $114.89 in Friday trading, up about 1.5 percent on the day and near its $115.00 session high, after settling Thursday at $113.17. West Texas Intermediate held near $101.22, up from its $99.47 Thursday settle. The reason the rally is not fading is not a single headline. It is the spread, and it is holding the premium in place.
Key Takeaways Brent is trading near $114.89 in Friday's session, up about 1.5 percent and close to a session high of $115.00, with Thursday's settle at $113.17 and the move tracking Middle East conflict premium rather than barrels confirmed offline. The Brent-WTI spread is holding near $13.67 in Friday trading, essentially flat against…
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