Daily Market Updates: Brent crude edges toward $100 as Mideast tensions widen

Commodities

Home›Commodities›Energy›Brent crude edges toward $100 as Mideast tensions widen

Brent crude edges toward $100 as Mideast tensions widen

Oil prices climbed as investors weighed the risk that renewed hostilities could disrupt energy supply in the Middle East.

Reported · Written up by our desk · Energy

Brent crude rose on Tuesday, moving closer to the $100 level amid renewed worries about escalating tensions in the Middle East, according to CNBC Markets.

The price increase followed reports of strikes involving the United States and Iran over the weekend, and attention then turned to developments near Saudi energy sites.

CNBC World said the market reaction reflected concerns that further escalation could raise the risk of disruption to regional oil supply.

Latest closeWTI crude $90.70 ▲0.5%|Brent $95.32 ▲0.7%

← Newer storyGrey market premium slips for NSE IPO ahead of price band Older story →Canada’s retaliatory tariffs on U.S. steel and aluminum take effect

More like this

CommoditiesBrent rises above $99 after confirmed Houthi attack on Saudi Arabia

CommoditiesGoldman Sachs raises oil-price forecasts, flags $120 Brent

CommoditiesOil prices near $100 after attacks disrupt Saudi energy operations

CommoditiesGlobal diesel supply crunch is set to last through winter

CommoditiesGermany warns winter gas storage may fall short

Sources

CNBC MarketsBrent crude nears $100 after strikes on Saudi energy sites amid renewed Mideast hostilities

CNBC WorldBrent crude nears $100 after strikes on Saudi energy sites amid renewed Mideast hostilities

Commodities

Brent crude edges toward $100 as Mideast tensions widen

More like this

Sources

Get the close, explained.