Middle East conflict drives oil prices higher
pre-market1 source ↓written by the desknot a recommendation
- rising
- 11.4%
- per barrel
- $111.54
- 7.8%
- $109.03
Oil prices surged following US President Donald Trump's comments on the Middle East conflict, with West Texas Intermediate rising 11.4% to $111.54 per barrel and Brent crude up 7.8% to $109.03. The geopolitical tensions have caused initial stock market declines in Asia, though European and US markets showed signs of recovery ahead of the weekend. Traders should monitor ongoing developments closely as volatility is expected.
Not investment advice. For informational purposes only.