Oil prices surge toward triple digits after Red Sea attacks
North AmericaBusinessHigh confidence — 81/100
Oil prices rose Thursday to their highest level since early June after the latest Iran war escalation threatened severe new disruption to global supplies.
Brent crude oil, one of two key global benchmarks, rose more than 5% to nearly $99 per barrel in early Thursday trading.
That is its highest level in seven weeks, since June 3.
Confirmed
Oil prices rose Thursday to their highest level since early June after the latest Iran war escalation threatened severe new disruption to global supplies.
Brent crude oil, one of two key global benchmarks, rose more than 5% to nearly $99 per barrel in early Thursday trading.
That is its highest level in seven weeks, since June 3.