Crude oil prices have catapulted on Tuesday, adding to yesterday’s surge, as supply concerns mount after Saudi Arabia shut its East-West pipeline on Friday. In addition, the cancellation of talks between the Gulf Cooperation Council members and Iran yesterday has left reopening of the Strait of Hormuz uncertain.
WTI Crude Oil for October delivery was last seen trading up by $4.37 (or 4.31%) at $105.76 per barrel.
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Market Analysis
Crude Oil Skyrockets Amid Expansive Supply Disruption Concerns
2026-09-15 18:37:04
