Shafaqna English– Brent crude prices moved significantly toward the $100-per-barrel threshold on Wednesday, keeping Asian stock markets subdued and cautious. The intensification of attacks in the Middle East has heightened investor concerns over rising inflation, particularly as markets await the release of U.S. consumer price data—a key signal for Federal Reserve monetary policy.
Oil prices surged for a fourth consecutive session on Wednesday, with Brent crude rising $1.10 to $99.02 per barrel. U.S. West Texas Intermediate crude gained $0.93 to trade at $93.95 per barrel. This sustained upward trend reflects ongoing geopolitical tensions and persistent supply concerns in global energy markets.
Source: Reuters