Crude Trades Above $100 as Hormuz Threats Meet Returning Gulf Supply

Written on 10/20/2026
Phillip Streible

December crude traded above $100 for the first time this morning, carried by fresh Hormuz threats even as Gulf exports recover toward prewar levels. Natural gas slipped to $3.00 on strong US production, sitting at the top of a base that has held since August.electricity power lines sunset clouds by Analogicus via Pixabay
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