Site Icon My Commodity News

Brent Crude Hits Seventy Two Dollars on Escalating Shipping Insurance Costs

image-alt-text
Published: February 25, 2026

Logistical Friction Floor

Insurance premiums for tankers transiting the Middle East have tripled this month. This logistical friction acts as a price floor, even as demand growth in major consuming regions like Europe shows signs of cooling.

OPEC Resistance

Market talk suggests OPEC+ members are comfortable with the $70-$75 range and are unlikely to increase production before their March meeting, prioritizing price stability in a volatile environment.