Oil Prices Rise Sharply Following US Military Strikes in Iran
Brent crude futures rose by nearly two percent in Asian trading today. This financial jump followed recent US military attacks in southern Iran.
These ongoing conflicts keep global energy markets completely on edge.
Rebounding From Previous Losses
Investors closely monitor the ongoing talks to end the regional war. Brent crude futures rose exactly $1.40 to reach $97.56 a barrel.
This 1.5 percent jump follows a massive seven percent drop yesterday.
Tracking West Texas Intermediate
US West Texas Intermediate crude futures also rose slightly today. The price hit $91.25 a barrel during the early trading hours.
However, this price still sits $5.30 lower than last Friday's settlement. This difference represents a significant 5.5 percent overall market drop.
Monitor commodity prices and global economic shifts daily on the Oman Day homepage.
tag: oil-prices , brent-crude , wti-crude , us-military-strikes , iran-conflict , asian-trading , oman-day-business
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