Brent crude surpasses $80 amid US-Iran tensions
after close1 source ↓written by the desknot a recommendation
- following
- 1.4%
- Brent stabilized
- $76
- driven by geopolitical
- 5-6% weekly gain
The global crude oil market saw Brent prices surge past $80 due to renewed hostilities between the US and Iran. Earlier in the week, oil prices fell 1.4% following an OPEC+ output hike. By Friday, Brent stabilized around $76, indicating a 5-6% weekly gain driven by geopolitical factors. ⚡
Not investment advice. For informational purposes only.