Crude Oil Prices Increase Over Hurricane Milton, Middle East Risks

Oil prices rose as Hurricane Milton heightened supply threats, compounding existing uncertainty from Middle East tensions. Brent crude rose to US$77.28 per barrel, while West Texas Intermediate crude rose to US$73.98, despite China’s dismal demand outlook. Brent fell to $77 a barrel yesterday, down roughly 5% for the day, along with other commodities, as concerns … Continue reading Crude Oil Prices Increase Over Hurricane Milton, Middle East Risks