Extending the upward move seen over the two previous sessions, the price of crude oil has moved sharply higher over the course of the trading day on Monday.
Crude oil for has surged $2.42 or 2.6 percent to $94.27 a barrel after falling early in the session on hopes of Russia-Ukraine energy ceasefire.
The spike in crude oil prices comes in the wake of fresh attacks on Saudi Arabia’s aviation infrastructure by Iran-backed Houthi militants and a drone strike on a tanker near the Sohar anchorage off Oman.
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Market Analysis
Crude Oil Prices Surge On Saudi Arabian Airport Attacks
2026-10-12 18:32:28
