VG Markets Muat Turun

Oil Holds Weekly Gains as Hormuz Risk Keeps Supply Premium Elevated

Oil Holds Weekly Gains as Hormuz Risk Keeps Supply Premium Elevated

Oil prices held near $87 for Brent as U.S.-Iran tensions and uncertainty around the Strait of Hormuz kept a supply risk premium in place. Brent and WTI were up about 4% this week, but weaker demand forecasts and rising U.S. inventories capped gains. Traders should watch Hormuz flows and inventory data for the next directional cue.