Natural Gas and Oil Forecast: WTI Holds $81 as Hormuz Shipping Risks Intensify - FXEmpire
Natural Gas and Oil Forecast: WTI Holds $81 as Hormuz Shipping Risks Intensify - FXEmpire
Source: FXEmpire
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DW NOTE
WTI at $81 with the Strait of Hormuz effectively closed — nine ships passed through on August 15 versus the normal 73 per day — is not risk pricing, it's denialism. Global supply is already down 4.3 million barrels per day in 2026. The word "risks" in this headline should be past tense.