Brent: We Will See $100

🛢️ 🛢️ Oil shipments from Mexico, a major supplier in the Americas, slid 35% last month to their lowest since 2019. That decision has roiled oil markets around the world. Mars Blend, a medium-density sour crude from the US Gulf Coast, has in recent days risen to a multi-year premium over lighter West Texas Intermediate, the national benchmark. Mars usually trades at a discount to WTI. Brent crude hit $90 a barrel on Thursday, the highest since October, and extended gains on Friday. JPMorgan Chase & Co. has said it could hit $100 by August or September

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