The story so far
Oil prices surge past $100
Tracked across 4 sources · Updated 4h ago
Crude oil futures jumped over 4% on July 22, and Brent crude topped $100 per barrel on July 23 as Middle East tensions escalated following Houthi attacks on Saudi ships in the Red Sea, with US threats of military action against Iran increasing supply disruption fears.
How it unfolded
19h ago
Brent crude tops $100; US threatens Iran
2d ago
Crude oil futures jump 4% on supply fears
What happened earlier
Latest updates
Latest
Full story →Oil's $100 comeback: Brent hits a three-month high as Red Sea tensions escalate
Brent crude climbed above $100 per barrel on Thursday, hitting a three-month high for the first time since May.
Yemen's Houthi group claimed responsibility for attacking two Saudi oil tankers in the Red Sea, escalating tensions.
Brent crude traded at $100.79 per barrel, up about 7%, while West Texas Intermediate (WTI) rose nearly 6% to $91.83.
Domestic crude futures on MCX climbed Rs 477, or nearly 6%, to Rs 8,887 per barrel on supply disruption concerns.
Geopolitical risks from the Red Sea conflict have become the primary driver of the oil market surge.
Earlier · 1d ago
Full story →Crude oil futures jump over 4% as West Asia tensions deepen supply disruption fears
Crude oil futures on MCX for August delivery rose by Rs 363, or 4.45%, to Rs 8,513 per barrel.
The rally extended for the fourth consecutive day.
West Asia tensions are deepening supply disruption fears.