Brent crude
4 mins read
Oil rises past $100 a barrel after the latest wave of Middle East attacks
. NEW YORK | The price of oil surpassed $100 a barrel for the first time since July after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain. Brent crude, the international standard, jumped nearly 3% to $100.72 early Wednesday. U.S. benchmark crude gained 2.4% to […]
Major oil companies reap massive profits as US and Iran fighting drives energy prices higher
NEW YORK | American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously […]