Post by Vanguard Newspapers (@vanguardngrnews)

Oil prices surged Thursday as worries about attacks in the Red Sea exacerbated supply concerns in a petroleum market limited by the quasi-shutdown of the Strait of Hormuz.

Near 1820 GMT, Brent oil futures were up 8.4 percent at $101.93, rising above $100 for the first time since late May.

US benchmark West Texas Intermediate rose 7.6 percent to $93.44 a barrel.

AFP

The post Brent oil prices rise above $100 first time since late May appeared first on Vanguard News.

Source: https://www.vanguardngr.com/2026/07/brent-oil-prices-rise-above-100-first-time-since-late-may/

Oil prices surged Thursday as worries about attacks in the Red Sea exacerbated supply concerns in a...

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