Extending the strong upward move seen over the past several sessions, the price of crude oil has moved sharply higher during trading on Wednesday.
Crude for November delivery has surged $1.20 or 1.3 percent to $95.34 a barrel, moving higher for the fourth straight session.
The jump in crude oil prices comes after a report from the International Energy Agency warned the recent escalation in attacks on regional energy infrastructure and tanker traffic in the Middle East is threatening to derail a recovery in oil supply.
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Market Analysis
Crude Oil Jumps As IEA Warns Of Disruption To Oil Supply Recovery
2026-10-14 18:28:30
