Brent crude briefly tops $119 per barrel
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Benchmark Brent oil prices jumped above $119 a barrel on Thursday, March 19 after Iran attacked energy facilities across the Middle East.
The energy shock from the Iran war is threatening to become a full-blown global crisis. But you wouldn’t know it looking at U.S. oil prices.
Brent crude oil futures rose this week, buoyed in part by an uptick seen in these futures Friday. WTI crude closed higher today, finishing the week with a small loss.
Brent crude oil futures rose nearly 9% this week, posting their highest settlement in nearly four years, while U.S. crude finished the week with a small loss, as Iraq declared force majeure on its oilfields developed by foreign oil firms and the U.
By Georgina McCartney and Siddharth Cavale HOUSTON/New York, March 18 (Reuters) - The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 years, as attacks on Middle Eastern oil infrastructure drove the global benchmark higher while rising supply in the U.
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Brent crude oil settled at its highest level since August 2022 as Iran launched attacks against the UAE and President Trump's request to help reopen the Strait of Hormuz was broadly rejected
Benchmark Brent oil prices jumped above $119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war.