Lates News

The price of Brent crude oil futures closed above $100 per barrel for the second consecutive trading day, reaching the highest level in over three years. Meanwhile, as the Middle East conflict continues to spread, world leaders are working to resolve the biggest crisis in the history of the oil market. Brent crude oil futures closed at $103.14 per barrel, while US crude oil futures closed near $99 per barrel, the highest level since July 2022. Analysts and traders believe that if the price of Brent crude oil futures remains above the key psychological level of $100 per barrel, the pressure on US President Trump to end the war with Iran may increase as energy costs soar. The impact of rising oil prices has already begun to affect consumers in many parts of the world.