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Oil Prices Shimmy Up To $111 Brent And $99 WTI

Geopolitics

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Oil Prices Shimmy Up To $111 Brent And $99 WTI

Brent crude oil is shimmying at $111 a barrel, while WTI is twirling around $99. The US and Iran are causing quite the stir, making the Strait of Hormuz a hot topic. Insurers are adding a 'war premium' to shipping costs, and US crude inventories are dropping like a rock. With talks stalled, the energy market is in for a bumpy ride ahead.