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Brent Surges Past $105 on Geopolitical Escalation and Plunging Saudi Output

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

News Summary

  • Brent crude surged past $105 and WTI crossed $100 amid escalating US-Iran tensions and Houthi attacks.
  • Compounding supply shortages, Saudi Arabia reported its lowest crude output since 1990, triggering steep backwardation and sharp upward momentum across energy benchmarks.
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BRENT price history

104.61 +64.07% over the displayed period

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