Elena Nikulina

Anas Alhajji: Oil prices jump 4 percent as Brent nears $98 after Kuwait drone attacks

Anas Alhajji: Oil prices jump 4 percent as Brent nears $98 after Kuwait drone attacks
Oil prices surge as Brent hits $98

Anas Alhajji, managing partner, energy economist, market analyst at Energy Outlook Advisors LLC, reports that oil prices rose approximately 4 percent, with Brent trading near $98 following drone attacks on Kuwait.

The surge highlights market concerns over disruptions to oil supply in the region.

Alhajji has recently highlighted shifting oil market fundamentals. He noted a record surge in U.S. jet fuel exports and a sharp drop in Brazil crude oil exports. In another update, Alhajji reported that U.S. crude oil inventories fell by 7.9 million barrels alongside significant government reserve releases. These developments provide important context for the latest move in oil prices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.