Up another 1% today, Brent crude oil is approaching the $78 per barrel mark.
The longer the price remains at or above this level, the greater the concerns about risks to both economic growth and inflation, especially as geopolitical tensions continue to drive volatility in energy markets, trade and elsewhere.
#economy #markets #oil
WTI and Brent Crude Surge Above $78 as Middle East Conflict Fuels Supply Shock Fears
Oil prices rise on Iran-Israel tension, with Hormuz chokepoint at risk. Traders eye $90 Brent, while India, Pakistan, and OPEC scramble to shield supply chains | That's TradingNEWS
6/19/2025 7:57:43 PM
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