Premium"Supply Weakness Likely To Linger Into 2027": Refinery Outages Blow Past Goldman's Own Worst Case
Oil is sliding on Monday. The barrels people actually burn are not.
Brent was down 1.4% at $115.04 and WTI down 2% at $101.24 in early New York trading, per Bloomberg, as Washington and Tehran stuck to their familiar scripts and top security officials from Saudi Arabia, Pakistan and Turkey headed to Iran to try to cool things down. It is the usual Monday de-escalation trade, which in this war has had a habit of reversing by Friday's close.