Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Oil Prices Soar Amid Middle Eastern Supply Concerns

Guavy AI Editorial Team
Instruments
Oil
Share

Global oil prices skyrocketed on Wednesday, driven by concerns over tightening supplies in the Middle East. The surge saw Brent crude futures rise by $6.16 or 7.33% to settle at $90.25 a barrel.

In related news, US West Texas Intermediate crude gained $5.40 or 6.81% to reach $84.65 a barrel.

These price increases come despite the U.S. Federal Reserve keeping the target range for the federal funds rate unchanged at 3.5 to 3.75%

More on Commodities

Commodities 1m ago

Fuel Crisis Grips Northern Iraq Amid Ongoing Tensions

Commodities 2m ago

Bharatpur Gas Pipeline Rupture Disrupts PNG Supplies

Commodities 4m ago

Energy Market Volatility Rises Amid Middle East Tensions

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy