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Oil prices rise amid Middle East vessel attacks and worsening weather in US Gulf region

Investing.com +1 ·

  1. 1Oil prices surged following attacks on commercial vessels in Iran's Strait of Hormuz.
  2. 2Brent crude oil futures for December rose nearly 2% to $102.15 per barrel.
  3. 3Tropical storm Isayas is expected to cause potential oil production losses of up to 11.2 million barrels in the Gulf region.

So what's the key point?

Oil prices surged due to attacks on commercial vessels in Iran's Strait of Hormuz.

Source Investing.com +1 · View original ↗

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