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Oil rises above $100 for first time since July as Middle East fears grow
The jump reflects heightened concern about potential crude supply disruptions amid escalating Middle East conflict.
Oil prices moved above $100 for the first time since July, a milestone tied to rising worries that escalating conflict in the Middle East could disrupt crude supplies, according to WSJ Markets.
Investors have been focused on the risk premium for supply interruptions, with the move in oil signaling fresh strain on expectations for near-term availability.
The developments are feeding through broader market sentiment, as commodity traders weigh how geopolitical tensions could affect future supply and pricing.
Latest closeWTI crude $94.28 ▲3.1%
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