Brent crude holds near $108–110/barrel amid Middle East conflict concerns

A market commentator said Brent’s ninth forward contract was making new highs and stood $7 above its February level, challenging earlier expectations that high near-term prices were temporary. A market recap citing Reuters put Brent at $108.82 at the October 21 close after a $2 spike faded. Another post warned that persistently high oil prices would push global energy inflation higher.