Crude Oil Prices: Brent and WTI Continue Their Latest Rise, Still to Be Verified
2026-09-04 20:35:40
According to CoinMeta, crude oil prices have risen, with Brent approaching $96, and WTI breaking through $92 due to Iranian risks and the upcoming OPEC+ meeting. On Friday, crude oil prices increased, and it is expected to see the strongest weekly gain since mid-July. The trading price of Brent crude oil futures is around $96.06 per barrel, with an expected weekly increase of about 7.6%. US West Texas Intermediate crude oil is close to $92.10, with a weekly increase of about 10.4%. As tensions between the United States and Iran intensify, concerns about supply from the Middle East and transportation through the Strait of Hormuz have grown. Iran has expanded restrictions on vessels using the Strait of Hormuz, although traffic through this waterway is still far below recent averages. The four-hour chart for Brent shows that the latest upward trend has consolidated around the $95-96 range.
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Source:Coinpaper
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