Brent Crude Holds Near $115 a Barrel After Houthi Missile Strike
Brent crude climbed to $115 per barrel following a Houthi missile strike, raising concerns about possible disruptions to oil supply from the Middle East. A modest rise in US oil inventories also shaped trader sentiment. Markets are awaiting the next OPEC+ meeting, where members are widely expected to keep current output targets in place. Uncertainty around Russian crude exports adds further complexity to the outlook for the oil market.
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