Oil Surges 6% After New Tanker Attacks in Middle East | Honolulu Star-Advertiser
Tanker attacks and tighter supplies pushed Brent and West Texas Intermediate above $100, as traders weighed further disruption risk in the Middle East.
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6 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = As armed conflicts in the Middle East spread, following Brent crude, West Texas Intermediate (WTI) also... per barrel on the 10th (local time)
Oil surges 6% after new tanker attacks in Middle East | Honolulu Star-Advertiser
NEW YORK >> Oil prices jumped 6% today, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies.
Oil surges 5%, Brent and US crude both over $100 on more tanker attacks
Oil prices jumped 5% to above $100 a barrel as escalating US-Iran fighting and attacks on tankers raised fears of wider supply disruptions. Brent hit $106.60 while WTI crossed $100. Rising Chinese demand and tighter OPEC output are adding to market pressure, keeping traders focused on the risk of further supply shocks.
Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks
NEW YORK — Oil prices jumped more than 6 percent on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies. Brent crude futures settled up $6.42, or 6.34 percent, at $107.63 a barrel. U.S. oil topped $100 a barrel for the first time since May as West Texas Intermediate crude futures rose $…
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