ReportedShipping, energy & marketsGlobal oil market
Brent crude rises to $104 a barrel
- Mountain Time
- Local time
- 8:44 AM UTC
- Where
- Global oil market
The Guardian reported that Brent crude rose 3.8% to $104 a barrel amid Middle East escalation fears and an approaching U.S. Gulf Coast storm.
Why it matters
The move raises immediate fuel-cost and inflation pressure while signaling traders are pricing in a larger supply disruption.
Source
- The Guardiantheguardian.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels