Oil Prices Surge as Middle East Attacks Continue and Diplomacy Stumbles
6 Articles
6 Articles
Oil prices rose again on Monday, September 14. The reason for this is the new attacks by Yemen's Houthis against Saudi Arabia and Iran's attacks on ships in the Strait of Hormuz, Reuters writes, reports Focus. As the agency writes, Brent crude futures rose by $2.90 (2.77%), reaching $107.51 per barrel. At the same time, WTI futures rose by $2.27 (2.27%) to $102.32 per barrel. "Prices initially rose by more than 3% at the market opening," the …
Oil Prices Surge as Middle East Attacks Continue and Diplomacy Stumbles
Oil prices initially jumped by over 3% in early Asian trade on Monday as fears of a major and extended supply disruption were stoked by continued attacks in the Middle East and the postponement of a crunch meeting between Gulf states and Iran. At the time of writing, both benchmarks had fallen back slightly, with WTI futures trading at $102.2 per barrel, 2.16% higher on the day, and Brent futures up 2.14% at $106.8 per barrel. Over the weekend…
Diplomatic efforts in the Middle East face a new setback after a meeting between Iran and other Gulf states was postponed, as attacks around the region’s two most important oil transportation routes heighten concerns about global energy supplies, according to Reuters. Oil prices hit a record high […]
Rising tensions and attacks in the Middle East have led to a sharp rise in crude oil prices. Brent crude has surpassed $107, threatening a major crisis for global energy supplies.
NEW DELHI: Brent crude prices rose 2.8% to 1.11 per cent on Friday as fresh attacks on key Middle East oil routes and rising risks fuelled concerns about oil supply disruptions.
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