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Brent crude tops $105 a barrel as tanker attacks intensify in Middle East; Saudi output cut fuels concerns

Crude oil prices surged to their highest since May after Saudi Arabia reported a significant drop in production. Brent crude rose to about $106 a barrel, while WTI jumped to $95.39. The ongoing Middle East conflict is disrupting oil…

Brent crude tops $105 a barrel as tanker attacks intensify in Middle East; Saudi output cut fuels concerns

Crude oil prices surged to their highest since May after Saudi Arabia reported a significant drop in production. Brent crude rose to about $106 a barrel, while WTI jumped to $95.39. The ongoing Middle East conflict is disrupting oil exports and contributing to market volatility.

The latest supply concerns follow months of sharp swings in crude prices. Brent crude rose from around $70 to $120 a barrel for much of March, April and May.
The latest supply concerns follow months of sharp swings in crude prices. Brent crude rose from around $70 to $120 a barrel for much of March, April and May. (AI-generated image for representational purposes only.)
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Reported by A Ksheerasagar · Syndicated via official news feed

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