Oil prices closed in on $100 as traders warned that a renewed supply crunch may be looming. They pointed to attacks on shipping and falling inventories as factors tightening supply and keeping prices supported.
WHO:Traders
WHAT:Oil closed near $100 amid warnings of a renewed supply crunch, with shipping attacks and eroding inventories cited as tightening supply.
WHEN:Reported Sep 7, 2026 at 11:51 AM ET
WHERE:Location not specified
WHY:Cause not yet established.
Reporting from 1 identified publisher for this event.
