Oil prices hit $100 for the first time since May

🇬🇧 BBC Business (GB) —
Oil prices hit $100 for the first time since May

AI Summary

Brent crude oil prices surged above $100 per barrel for the first time since May due to escalating conflict in the Middle East. The price increase reflects concerns over supply disruptions amid the ongoing geopolitical tensions.

The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.

World Security Conflict Politics Markets Commodities Energy oil prices Brent crude Middle East conflict energy market geopolitics price surge

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