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Brent crude tops $100 as Iran conflict lifts oil and pressure stocks
The spike in oil comes alongside rising borrowing costs and renewed worries about the technology sector, after a sell-off in U.S. trading fed into Asian markets.
Oil prices pushed higher as Brent crude moved above $100, with concerns tied to ongoing conflict with Iran, according to NYT Business.
The outlet linked the jump in crude to market stress beyond energy, noting that stocks in Asia fell after a sell-off in the U.S. markets.
NYT Business also pointed to rising borrowing costs as part of the pressure, along with worries about the technology industry.
Latest closeWTI crude $92.23 ▲6.2%|Brent $100.54 ▲6.9%
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