WTI crude oil prices have exceeded the $101 per barrel mark, driven by mounting fears of supply disruptions in the Middle East. Recent Houthi attacks on Saudi Arabian energy infrastructure have significantly heightened market anxiety. Adding to the concern, Saudi Aramco reportedly evacuated its headquarters, amplifying fears of a wider conflict that could impact global oil flows. This geopolitical risk premium is the primary driver of the current price surge.
Crude Oil Surges on Escalating Middle East Tensions