Oil Prices Rise to $101 Amid Storm and Middle East Tensions
On October 7, oil prices rose due to potential supply disruptions from a storm approaching US oil-producing areas and attacks by Yemen's Iran-backed Houthis on Saudi Arabia. Brent crude rose to $101.51 per barrel, and US WTI crude reached $90.30. The Gulf storm threatens 15% of US crude output, while Middle East shipments remain high amid regional tensions.
ET Markets·




