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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (September 9): Brent crude rises above $100 a barrel as Middle East conflict escalates

Oil United States Iran Jordan Daan Struyven Goldman Sachs Marco Rubio

Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24, as intensifying conflict in the Middle East fuelled growing concerns about oil flows from the region.

Brent crude futures rose $2.15, or 2.2%, to $100.07 a barrel by 0721 GMT, while U.S. West Texas Intermediate crude was up $1.70, or 1.83%, at $94.73 a barrel.

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