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Brent reportedly tops $107 briefly as hopes for US-Iran progress fade
A September 28 post said oil rose as hopes for US-Iran progress faded, with Brent briefly above $107, stocks down and bond yields up. Another post argued that improved oil flow through Hormuz still leaves a sizable supply deficit.
TLDR
One post said Brent briefly rose above $107 on September 28 as hopes for US-Iran progress faded, and warned that higher energy costs could eventually reach gas pumps and grocery stores. A second post argued that, despite improved oil flow through Hormuz, a still-sizable supply deficit is meeting a global oil market with depleted buffers and an acute distillate shortage heading into winter.
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