Why $100 Oil Is Hard to Kill
Brent Crude oil prices have held above $100 per barrel for most of the past month despite numerous reports and figures put out in recent weeks by tanker-tracking services and investment banks that crude oil flows from the Strait of Hormuz have recovered, and even exceeded, pre-war levels. But if so
Source: OilPrice.com
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DW NOTE
Brent is trading at $100.60 — not threatening $100, sitting on it. The article's framing treats this as some psychological threshold yet to break when the price is already there. Meanwhile the Strait has been closed for seven months, global supply is down 5.7 million barrels per day, and the market has priced in enough of the disruption that Brent is 15% off its peak. The resilience isn't in the headline number; it's in how little $100 now means.