Industry News
Oil Stays Above $100 as Chinese Fuel Export Halts Balance Middle East Outflows
Crude oil benchmarks remained above $100 per barrel as market participants balanced Chinese fuel export curbs against rebounding Middle Eastern crude shipments. Brent crude reached $102.60 per barrel and WTI stood at $93.14 per barrel following Chinese refiners suspending refined fuel exports beyond Hong Kong and Macau. Meanwhile, Middle East crude exports recovered to 17.5 million barrels per day following the restart of Saudi Arabia's East-West Pipeline.
