Crude oil rises above $90 amid geopolitical tensions
after close1 source ↓written by the desknot a recommendation
- per barrel
- $92
- today
- 4.04%
- significant drop
- $89
Crude oil prices surged to $92 per barrel, rising 4.04% today after a significant drop to $89. The ongoing conflict between the US and Iran has disrupted production and blocked the Strait of Hormuz, raising concerns about global supply. Elevated energy prices may impact sectors like Transportation and FMCG, leading to increased operational costs.
Not investment advice. For informational purposes only.