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Brent Tops $112 on Houthi Escalation as the Crisis Moves From Barrels to Freight — and West African Netbacks Pay the Bill
Middle Eastern crude is still moving roughly 17 million bpd, yet oil is at a five-month high because moving it now costs more than five times pre-war levels. The transmission runs through freight and insurance, and it lands on Nigerian realised values, domestic fuel politics and the delivered cost of waste-based feedstock.
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