Commodities
Home›Commodities›Energy›Oil prices extend gains as Middle East supply worries…
Oil prices extend gains as Middle East supply worries persist
Brent remains above $100 a barrel as escalating tensions raise concerns about potential supply disruptions, according to CNBC Markets.
Oil prices extended their gains as investors weighed ongoing worries that tensions in the Middle East could worsen supply disruptions, CNBC Markets reported.
The outlet said Brent stays above $100 a barrel amid the heightened risk premium tied to the region’s security situation.
Latest closeBrent $102.05 ▲4.2%
← Newer storyBrent tops $100 as US-Iran tensions raise Strait of Hormuz concernsOlder story →Foreign cargo ship fire in Qingdao kills and injures people