OIL SURGES AS MIDDLE EAST STRIKES HIT SUPPLY FEARS Oil prices jumped more than $3 after fresh strikes in Saudi Arabia and near the Strait o…
OIL SURGES AS MIDDLE EAST STRIKES HIT SUPPLY FEARS
Oil prices jumped more than $3 after fresh strikes in Saudi Arabia and near the Strait of Hormuz heightened supply concerns.
Brent rose 3.5% to $108.23, while WTI climbed 3.2% to $103.20.
With Saudi Arabia’s East-West pipeline shut and regional talks postponed, analysts see further upside, potentially toward $119.