55 Days
Source:
المواطن
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Rising Oil Prices: Brent Crude Surpasses $85 per Barrel
Oil prices have seen a significant increase, with Brent crude reaching over $85 per barrel, recording $85.28 after rising by $1.05 or 1.25%. Similarly, US West Texas Intermediate futures climbed to $79.98, up by $1.03 or 1.3%. Both benchmarks achieved weekly gains of nearly 12%, with Brent approaching its third consecutive weekly gain and US crude nearing its second. The rise is taking place amid escalating tensions between Washington and Tehran, which threaten to lead to an oil market surplus in 2027.
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