Brent crude tops $100 for first time since July as Gulf tensions escalate
Oil prices rose above $100 a barrel for the first time since July as escalating tensions between the US and Iran raised concerns about disruptions to Middle East energy supplies, according to CNBC.
Brent crude oil prices topped $100 a barrel for the first time since July, CNBC reported, as escalating tensions between the United States and Iran fueled concerns about further disruptions to Middle East energy supplies.
CNBC reported that oil prices extended gains on Wednesday amid the rising tensions in the Persian Gulf region.
Sources
- Brent crude tops $100 for first time since July as fighting escalates in Persian Gulf — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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