Home » Latest News » World » Oil Prices Surge After Middle East Attacks – E24

Oil Prices Surge After Middle East Attacks – E24

by John Smith - World Editor
0 comments

Oil prices rose Friday as tensions in the Middle East continued to disrupt energy markets.

Lagertanker ved et oljeraffineri i Oman.

Recent attacks in the Middle East have sent ripples through global energy markets, driving up both oil and gas prices. The Strait of Hormuz, a critical waterway for global oil transport, is at the center of the concerns.

Brent crude oil traded at $109.90 a barrel at 11:45 a.m. Friday, a 2.2 percent increase for the day.

The price has rebounded somewhat after a sharp increase on Thursday was followed by a decline later in the day.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy