Oil prices cross $100/barrel 1st time in 2 months

Oil prices crossed $100/barrel, first time since May, as the ongoing conflict in the Middle East has increased fears of global oil supply disruptions. Brent crude last closed above $100/barrel on May 22. This comes after the Yemeni Houthis attacked two Saudi Arabian tankers on Thursday, marking the first time since ship attacks had moved beyond the Strait of Hormuz.

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