Oil prices surge as conflict threatens transit routes
after close1 source ↓written by the desknot a recommendation
- to reach
- 4%
- per barrel
- $95
- crude futures rose
- 4.2%
- $94.83
- Texas Intermediate climbed
- 4.3%
Oil prices surged over 4% to reach a near six-week high, with Brent crude exceeding $95 per barrel amid escalating tensions in the Middle East. Brent crude futures rose 4.2% to $94.83, while U.S. West Texas Intermediate climbed 4.3% to $87.99. Concerns over disruptions to key supply routes are driving market sentiment.
Not investment advice. For informational purposes only.