Middle East conflict drives oil prices sharply higher
pre-market1 source ↓written by the desknot a recommendation
- rising
- 11.4%
- per barrel
- $111.54
- increasing
- 7.8%
- per barrel
- $109.03
Oil prices surged following US President Trump's comments on the Middle East conflict, with West Texas Intermediate rising 11.4% to $111.54 per barrel and Brent crude increasing 7.8% to $109.03 per barrel. Stock markets initially fell but recovered some losses ahead of the weekend. Traders should monitor ongoing geopolitical tensions and their impact on energy markets.
Not investment advice. For informational purposes only.