Brent crude surpasses $80 amid US-Iran tensions
pre-market1 source ↓written by the desknot a recommendation
- after OPEC+ raised
- 1.4%
- Brent stabilized
- $76
- amid heightened geopolitical
- 5-6%
The global crude oil market saw significant volatility as Brent crude surged past $80 following renewed hostilities between the United States and Iran. Earlier in the week, prices fell 1.4% after OPEC+ raised output targets for the fifth consecutive month. By Friday, Brent stabilized around $76, indicating a potential weekly gain of 5-6% amid heightened geopolitical concerns.
Not investment advice. For informational purposes only.