Oil Prices Rebound as Middle East Supply Fears Return

S. midterms to the Middle East, awaiting the next step in the war. 98 per barrel, after two energy consultancies warned against too much Gulf oil supply rebound optimism. Rystad Energy said yesterday it did not expect crude oil flows out of the Persian Gulf to return to normal anytime soon, even if the United States and Iran reach some form of agreement that would end the war.

” Vortexa, meanwhile, said October oil flows via the Strait of Hormuz were lower than the previous month’s, countering a string of reports saying oil exports from the Gulf were back to pre-war levels, and even exceeding them. 1 million barrels daily last month. 9 million barrels in total daily exports in September.