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caithness-business.co.uk

Brent at $100 Again? Why This Oil Shock Could Be More Dangerous for Scotland Than the Last One

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Brent at $100 Again? Why This Oil Shock Could Be More Dangerous for Scotland Than the Last One
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Brent crude is pushing back above $92 a barrel and has risen for five straight trading sessions, with Reuters citing $91.97 on Thursday morning—its highest since late July. Other data show $92.20. The article argues the debate is no longer about whether oil can reach $100, but what could stop it beforehand. It points to disrupted shipping through the Strait of Hormuz, where only a small number of commodity vessels are transiting compared with pre-conflict levels—an issue that fuels market expectations. A slowdown could still come from improved negotiations, restoring normal tanker flows, or weakening demand as prices bite.

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