EnergyHighConfirmedAccelerating
9.6
Oil Surges Past $108 as Middle East Conflict Threatens Supply
Valor Econômico·SA · LY·about 12 hours ago
WTI crude rose 0.43% to $101.82 per barrel, driven by ongoing Middle East tensions including Houthi attacks on Saudi Arabia and Iranian aggression against vessels in the Gulf. The price increase reflects continued supply risk premium, though the move is modest, suggesting market participants are already pricing in some geopolitical risk. The situation remains fluid, with potential for further escalation affecting oil supply routes.
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