Brent Crude Hits Near $100 as Middle East Tensions Escalate
The Brent crude oil price rose towards $100 per barrel on Wednesday, contributing to subdued market conditions in Asia.
This increase is largely attributed to escalating tensions in the Middle East, which have stoked inflation worries.
The market's attention is currently focused on the upcoming release of US consumer price data, which is expected to provide further insight into the current economic climate.