Oil saw a strong rally this week as attacks on Russian oil infrastructure and rising geopolitical risk continue to fuel the rally. 26 September, 2025Moscow’s restrictions on fuel exports, including a full export ban on gasoline and a partial one on diesel, have lifted ICE Brent futures above $70 per barrel this week, further buoyed by market participants distrusting OPEC+’s unwinding of its 2.
2 million b/d voluntary cuts, seeing only a fraction of promised barrels in the market. Iraq will be the key price indicator of the upcoming weeks,…Brent Rallies Back to $70 as Geopolitical Risk Rises
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