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macroAug 18, 2026, 8:48 AM

Brent Extends Rally Above $91 on Geopolitical Risk

Brent crude has climbed above $91 per barrel, supported by geopolitical risks and supply concerns, according to ING strategists.

Brent crude has extended its rally and is now trading above $91 per barrel, according to ING strategists Ewa Manthey and Warren Patterson.

The move higher is being supported by geopolitical risks and ongoing supply concerns. The strategists note that those factors continue to underpin the oil market's upward momentum.

Source: FXStreet Forex News