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Oil reportedly climbed for a second day, with Brent crossing $106 and WTI hitting $94
A post says Middle East crude exports reached 12.8 million barrels a day, their highest since February, but describes workarounds for restoring flows as slower and more expensive.
TLDR
A post on September 29 says Brent crossed $106 and WTI hit $94, marking a second straight day of gains. It says Middle East crude exports reached 12.8 million barrels a day, their highest since February, while Iranian officials were privately pessimistic about a deal to reopen the Strait of Hormuz before the US midterms. Separately, Barchart says oil prices and Treasury yields are now the most correlated in 36 years.
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