Oil Tops $100 as OPEC+ Holds Targets — Shipping Risk
Oil is above $100, but unchanged OPEC+ production targets may not be the number that matters most. With major producers already below pre-war output, the next test is whether physical supply can move and whether Brent holds above $100 when trading reopens.
Why Oil Fell Below $100: Diesel Supply Is the Key
Brent crude fell back below $100 after Thursday’s 4.4% surge, as talk of emergency stock releases hit the part of the market that is tightest: diesel. The proposal could add 50 million barrels of diesel and 50 million barrels of crude, but no supply has been released yet — and potential G7 discussions are the next test.