Articles from Burghley Capital

A prolonged closure of the Strait of Hormuz keeps close to 20 million barrels a day of oil at risk, lifting Brent crude above $100 a barrel, pushing physical cargoes past paper markets and driving major banks to revise their price forecasts higher.

Seven producers back a fifth straight monthly supply rise even as Brent and West Texas Intermediate surrender the risk premium built during the Gulf conflict, leaving physical flows through the Strait of Hormuz the decisive factor for prices

The central bank lifts its benchmark to 1% for the first time in more than three decades, as imported energy costs, a weak currency and firmer wage growth nudge policymakers towards a measured, closely watched exit from ultra-low policy.