Oil Prices Rise on Middle East Supply Risks
Oil prices climbed to multi-week highs as escalating tensions in the Middle East raised concerns over potential crude supply disruptions. Analysts noted that ongoing hostilities could constrain Persian Gulf shipments through next year.
Xurve View
Insights:
Xurve View
Brent Crude Oil futures rose $1.25, or 1.3%, to $98.25 a barrel during Tuesday morning trade as supply concerns deepened. Prices climbed to multi-week highs following military escalations between the United States and Iran. The rally follows recent attacks on oil export infrastructure in the region.
