Brent oil nears $100 after surging 5% on Mideast attacks

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Brent oil nears $100 after surging 5% on Mideast attacks

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Brent crude oil prices surged nearly 5% nearing $100 per barrel following claimed attacks by Houthi rebels on two Saudi oil tankers in the Red Sea. The Mideast violence has impacted key energy commodity markets and heightened geopolitical risks.

The price of main international oil contract, Brent North Sea, soared five percent Thursday after Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea. The post Brent oil nears $100 after surging 5% on Mideast attacks appeared first on Vanguard News.

World Security Conflict Markets Commodities Energy Shipping Brent oil price surge Houthi rebels Saudi oil tankers Red Sea attacks energy markets

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