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الشارقة 24
Oil surges 2% to $102.28
Oil prices rose today, Thursday, by 2.28%, supported by fears of supply shortages in the Middle East, amid increasing attacks on shipping in the Gulf and the Strait of Hormuz. Additionally, US production was halted due to an approaching hurricane threatening offshore areas in the Gulf of Mexico. As a result, Brent crude rose to $102.28 per barrel, and West Texas Intermediate (WTI) reached $89.94. Meanwhile, US oil inventories decreased by 3.2 million barrels, reflecting production disruptions caused by the storm.
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