Brent Crude Oil rises above $100 a barrel
Digest more
By Nicole Jao NEW YORK, Sept 10 (Reuters) - Oil prices jumped more than 6% on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies.
Brent crude hits $110 amid the West Asia crisis. Here's how higher oil prices and a weaker rupee could affect Indian markets and inflation.
Oil prices rose on Wednesday as escalating tensions between the U.S. and Iran fueled concerns over further disruptions to Middle East energy supplies,
Brent crude exceeding $102 suggests market participants are pricing in tighter supply conditions due to Middle East tensions. HSBC’s raised oil forecast appears consistent with market expectations of a sustained price increase.
Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has expanded his coverage to include investments, ethics ...
Crude prices have rallied back to six-week highs, with West Texas Intermediate trading above $93 a barrel and Brent crude oil futures marching back towards the $100 a barrel mark, currently trading over $97 a barrel in early trade on Tuesday.
European stocks decline 0.6% as Brent crude approaches $100. Novartis plummets over 10% after two failed drug trials. ECB rate hike expected Thursday.
By Robert Harvey LONDON, Sept 10 (REUTERS) - Oil prices rose on Thursday, extending gains that took Brent over $100 a barrel in the previous session, as traders braced for deeper supply disruptions after Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began.