Oil prices jump as Middle East fighting disrupts shipping, AI stocks slip

AI Summary

Brent crude oil prices surged by 4.7% to $79.59 a barrel amid Middle East conflict disrupting shipping routes. Concurrently, AI stocks experienced a decline, reflecting market volatility tied to geopolitical tensions.

The price for a barrel of Brent crude oil, the international standard, rose 4.7% to $79.59.