Brent crude rises to $107.83 amid supply concerns
after close1 source ↓written by the desknot a recommendation
- per barrel
- $107.83
- $103.50
- of global output
- 4%-5%
Oil prices surged on Tuesday as Brent crude futures rose 2.0% to $107.83 per barrel, while US WTI futures gained 2.1% to $103.50. The increase follows Houthi attacks on Saudi Arabia and the postponement of talks on Strait of Hormuz shipping, raising concerns over potential supply disruptions. Analysts warn that further disruptions could impact supplies by 4%-5% of global output.
Not investment advice. For informational purposes only.