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Oil Prices Explode: Brent Crude Surpasses $100 on Red Sea Attacks

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Brent crude surged above $100/barrel as escalating Middle East conflicts, including Red Sea tanker attacks, threaten vital oil supply routes.
  • With already low global inventories and spare capacity, the potential for further disruption creates significant upward price pressure.
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107.89 +69.21% over the displayed period

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