Oil Prices Surpass $100 a Barrel for the First Time Since May
The escalating conflict in the Middle East has led to increased pressure on global oil supplies, affecting oil prices. The global oil benchmark, Brent crude, saw a significant increase of over 6% today, briefly reaching $100.14 per barrel before slightly retreating. In the US, West Texas Intermediate (WTI) crude rose by approximately 5% to $90.98…