Prop firm news

In Asia, Brent is above $150, in Europe - $125.5: spot prices have diverged by almost a quarter

The Brent spot price has diverged noticeably between regions: in Europe, oil is trading around $125.5 per barrel, while in Asia it exceeds $150. This gap points primarily to problems with physical delivery and shipping through the Strait of Hormuz.

WTI above $90: oil gained about 3% in a day on attacks on Saudi Arabian airports

On October 8, WTI oil rose to $90.87 and at one point approached $91.00, gaining about 3% in a day. The rise was supported by new attacks on facilities in Saudi Arabia, risks to shipping in the Strait of Hormuz, and a decline in US oil inventories.

Strait of Hormuz closed - Brent crude price broke through $102 per barrel

Brent rose above $102 per barrel amid the continued closure of the Strait of Hormuz. The head of Saudi Aramco warned that tension in the oil market will intensify until the passage is restored.