Brent crude swung back above $100 per barrel today as reports flow in about increasingly frequent Iranian attacks on tankers in Hormuz and U.S. Gulf of Mexico field operators began shutting in production ahead of a potential hurricane. At the time of writing, Brent crude was trading at $102.
Prices gained in the face of escalating Houthi attacks in Saudi Arabia, a tanker strike in the Persian Gulf and growing U.S. offshore production shut-ins as Hurricane Isaias approached the coast.
Brent crude tops $104 a barrel amid attacks on tankers and squeeze on US oil output in Gulf of Mexico as storm Isaias approaches Here’s our wrap of the moves in markets: The sell-off in bond markets has put the euro under pressure, pushing to close to a 17-month low.
By Hanna Ziady, CNN London (CNN) — Oil prices climbed Thursday on continued worries about global supply following a record number of tanker attacks that sent crossings through the Strait of Hormuz to a two-month low. Brent crude, the global oil benchmark, rose 4.3% to $104.
Oil prices rose amid reports on Thursday that the White House is weighing new strike options on Iran, less than a month before the November elections. Brent crude, the global benchmark, increased to $104.60 per barrel with a 4.4 percent jump on Thursday morning. The U.S.
