Oil prices rise as Middle East conflict escalates
The price of oil returned to triple digits in US dollars, as conflict in the Middle East threatens supply chains and puts a strain on global reserves.
The price of oil returned to triple digits in US dollars, as conflict in the Middle East threatens supply chains and puts a strain on global reserves. Grouped from 4 articles across 4 sources.
Ranked reports inside the event cluster. Open any publisher link to read the original coverage.
The price of oil returned to triple digits in US dollars, as conflict in the Middle East threatens supply chains and puts a strain on global reserves.
There is mounting concern over the impact of intensifying hostilities in the Middle East on the global economy, as oil prices topped $100 a barrel again.
Benchmark Brent crude oil futures rose past US$100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fueled growing concern about oil flows from the region.
The Australian share market is on track to rise slightly this morning, after dropping to a six-week low on Tuesday. That's despite reports that Iran-backed Houthis in Yemen attacked Saudi energy facilities, setting oil installations ablaze. Follow live.
Nearby clusters pulled from title, summary, and keyword similarity in PostgreSQL.
Brent crude up by more than 3% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi cities Business live – latest updates The price of oil has risen above $100 a barrel for the first time since… Grouped from 4 articles across 4 sources.
The price of oil breached the $100 threshold as new flare-ups between the U.S. and Iran stoked fresh concern for global energy markets.
The Aussie share market is set to fall as Wall Street closes in the red and oil prices pass $US101 a barrel. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Cluster summary not available for this event yet.
Energy markets Tuesday reacted to escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.
Here is a look at the main actors currently involved in the conflict. Grouped from 2 articles across 1 sources.