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Oil Tops $110 for First Time Since May as Supply Risk Grows

Bloomberg Markets Friday 16 October 2026, 18:33 UTC By Mia Gindis 1 min read
Key Points

Brent oil hit $110 a barrel for the first time since May as prospects for imminent supply relief dwindle, prompting traders to ramp up bullish bets ahead of the weekend.

Brent oil hit $110 a barrel for the first time since May as prospects for imminent supply relief dwindle, prompting traders to ramp up bullish bets ahead of the weekend.
Originally published by Bloomberg Markets Read original →

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