Middle East conflict drives oil prices sharply higher
after close1 source ↓written by the desknot a recommendation
- rose
- 11.4%
- per barrel
- $111.54
- increased
- 7.8%
- $109.03
Oil prices surged following US President Donald Trump's comments regarding the ongoing Middle East war. West Texas Intermediate rose 11.4% to $111.54 per barrel, while Brent crude increased 7.8% to $109.03. This volatility has impacted stock markets, with initial declines in Asia followed by partial recoveries in Europe and the US ahead of the weekend.
Not investment advice. For informational purposes only.