US-Iran Strikes Push Oil Above $100
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Oil, Middle East
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Oil, stock futures
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Global oil prices are back above $100 per barrel as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.
Texas-based Greenland Energy has announced a merger it says will speed up development of the territory's resources.
Brent topped $100 after fresh Strait of Hormuz attacks. Eurostat data shows which European countries buy the most oil and who is most exposed. View on euronews
2hon MSN
'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies
China's crude stockpiling and subsequent pullback on purchases since the war erupted in late February has helped the world avoid a deeper energy crisis.
The international benchmark, Brent crude, breached the symbolic threshold Wednesday after the latest flare-up between the United States and Iran. Gas prices also rose to their highest level since early June.
Analysts said they expected the price of Brent crude, the international benchmark, to remain elevated for the rest of the year.
Donald Trump retained major oil and gas investments as the Iran war has moved energy markets. CNBC analyzed his holdings, trades and estimated gains.
The moves higher in retail fuel prices come as crude oil prices keep climbing. After surpassing $97 per barrel Thursday morning, international oil benchmark Brent was now up almost 10% since the beginning of the week.