New price levels and a "super-sudden surge" scenario.
On international exchanges, US WTI crude oil prices are hovering around $100 per barrel, while benchmark Brent crude has reached $110 per barrel. Over the weekend, Brent crude prices surged 3.7% in a single trading session, touching the $110 mark for the first time since May. Notably, spot prices for near-term deliveries even exceeded $130 per barrel, reflecting traders' intense demand for spot energy.
In an interview with Yahoo Finance, Neal Dingmann, an energy research analyst at William Blair, warned that the market is facing the risk of a "super-surge" in prices.