75 days of Hormuz chaos: Oil prices remain above $100 as Trump-Xi meet
Oil prices edged higher on Thursday as traders remained cautious ahead of US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing. Oil markets have stayed elevated since the outbreak of the Middle East conflict, with disruptions in the Strait of Hormuz, a critical global oil transit route, continuing for 75 days.
By 7:05 am, WTI crude was trading at $101.1, up 0.11 points or 0.11%, while Brent crude stood at $105.8, gaining 0.17 points or 0.16%.
