By 1:47 p.m. Moscow time on Oct. 7, prices were up 1.41% from the previous session’s close. Investing.com data showed an intraday high of $102.05.
Brent crude rose to $102 a barrel during trading on Wednesday. Investing.com data showed prices up 1.41% from the previous session’s close by 1:47 p.m. Moscow time.
The benchmark had briefly fallen to $97.50 a barrel on Tuesday before recovering. Lenta cited supply disruptions through the Strait of Hormuz and continuing threats to vessels as factors weighing on the market.
Marisks data showed at least seven attacks on tankers in the area of the strait in late September. Analysts warn that further escalation could push oil prices higher again.