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Commodities

Brent Crude Hits $100 a Barrel Amid Middle Eastern Conflict

Guavy AI Editorial Team
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Global stock markets skidded in Asia on Friday as investors pulled out of AI-related shares, following a sell-off led by tech giants Alphabet and Tesla.

The decline was fueled by rising oil prices, with Brent crude reaching its highest price since May at $102 per barrel before settling at $100.69 per barrel.

Heavy fighting in the Middle East has threatened to slow the global flow of oil and gas, driving up costs for businesses and cutting into their customers' ability to spend.

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