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A barrel of Brent crude oil topped $100 again for the first time since July as the U.S.–Iran conflict fuels global energy supply concerns.
Brent—the global seaborne benchmark for oil prices that is more sensitive to geopolitical tensions—rose 3 percent to almost $101 per barrel on Sept. 9 in overseas trading.
The international benchmark, which carries a higher risk premium, has risen 14 percent over the past month and nearly 66 percent this year.
U.S. crude prices are also eyeing $100 again as a barrel of West Texas Intermediate oil climbed 3 percent to almost $96 on the New York Mercantile Exchange. It has also jumped 16 percent since early August and has rocketed 67 percent year to date….
Brent—the global seaborne benchmark for oil prices that is more sensitive to geopolitical tensions—rose 3 percent to almost $101 per barrel on Sept. 9 in overseas trading.
The international benchmark, which carries a higher risk premium, has risen 14 percent over the past month and nearly 66 percent this year.
U.S. crude prices are also eyeing $100 again as a barrel of West Texas Intermediate oil climbed 3 percent to almost $96 on the New York Mercantile Exchange. It has also jumped 16 percent since early August and has rocketed 67 percent year to date….
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