RiyadhBrent futures rose $10 in two weeks while physical barrels sank.
Brent futures, where billions of dollars of contracts trade daily, and physical prices have diverged.
Futures hit $110.11 on Thursday after the US ordered diplomats’ families out of Saudi Arabia, where Houthi strikes continue.
Polymarket traders give a Saudi-Houthi ceasefire by 31 December a 31% chance.
How each outlet framed it
- Middle East Monitor
- frames the Houthi threat through US embassy evacuation orders and attacks on civilian airports, not through Brent price moves
- Bloomberg Business leans critical
Sources: Bloomberg Business, Middle East Monitor