Brent and WTI settle above $100 as Middle East supply worries rise
Crude oil prices rose to new multimonth highs. Brent and WTI futures settled above $100 a barrel after escalations in Middle East shipping attacks and renewed Houthi strikes on Saudi Arabia increased supply concerns.
Crude oil prices climbed to new multimonth highs, with Brent and WTI futures settling above $100 a barrel as escalating attacks on Middle East shipping and renewed Houthi strikes on Saudi Arabia heightened concerns over supply from the region. Front-month Brent crude, the European benchmark, and West Texas Intermediate both finished above $100, reflecting increased market anxiety around regional flows.