Brent crude jumps over three dollars on tanker attacks
Brent crude futures settled higher after fresh attacks on tankers in the Middle East raised supply concerns. Investors also reassessed the outlook for the ongoing conflict involving Iran.
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Brent Crude Oil rose $3.67 or 3.88% to settle at $98.29 a barrel on Thursday following fresh attacks on tankers in the Middle East. The rebound reverses an 8% drop from Wednesday and underscores lingering anxieties over maritime shipping routes. Investors are recalibrating energy supplies as diplomatic progress fails to secure dependable tanker deliveries.
