Business & Economy · 1 views
U.S. crude oil tops $100 per barrel as market braces for prolonged Iran war
Oil prices remain elevated amid worries that escalating tensions in the Middle East could further exacerbate supply disruptions
Summary
Crude oil prices rose 4% on Thursday over worries about escalating tensions in the Middle East and their impact on energy supplies. U.S. West Texas Intermediate futures jumped 4.3% to $100.13 per barrel. Brent crude , the international benchmark, advanced 4.1% to $105.38 a barrel.
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