Brent oil prices rise above $100 first time since late May

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Brent crude oil prices have risen above $100 for the first time since late May, driven by concerns about potential attacks in the Red Sea and reduced supply due to the quasi-shutdown of the Strait of Hormuz. This increase reflects ongoing volatility in the petroleum market.

Oil prices surged Thursday as worries about attacks in the Red Sea exacerbated supply concerns in a petroleum market limited by the quasi-shutdown of the Strait of Hormuz. The post Brent oil prices rise above $100 first time since late May appeared first on Vanguard News.