Latest Oil Market News and Analysis for July 24
Brent crude retreated after hitting $100 a barrel amid concerns over the economic impact of high prices and renewed US trade tariffs, yet remained set for a substantial weekly increase as hostilities in the Middle East continue to threaten supplies.
Story updates
10:24:07 PM UTC
SquawkNews
Oil surged past $100 a barrel for the first time in two months after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, opening a new front in the Middle East conflict and threatening deeper supply disruptions.
04:38:34 PM UTC
SquawkNews
Latest Oil Market News and Analysis for July 24
Oil surged past $100 a barrel for the first time in two months after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, opening a new front in the Middle East conflict and threatening deeper supply disruptions.