Oil Price Surges Past $100 a Barrel Amid Middle East Attacks
The price of oil has surpassed $100 a barrel for the first time in nearly six weeks due to recent attacks on oil facilities and ships in the Middle East.
The surge comes after an already weakened supply chain was threatened by these attacks, which have disrupted the flow of crude oil.
This increase is significant as it marks the highest price point for oil since mid-August.