Commodities
Oil Prices Soar Past $100 a Barrel Amid Middle East Attacks
The price of oil has surged past $100 a barrel for the first time in almost six weeks due to a wave of attacks on Middle East oil facilities and ships.
The latest incidents have put pressure on an already strained supply chain, pushing prices higher. According to AP Business Writer Cathy Bussewitz, the Saudi Aramco oil refinery was hit by a plume of smoke on Tuesday, September 8.
This comes after a series of attacks in recent weeks that have targeted oil facilities and ships in the Middle East. The latest wave of violence has raised concerns about the stability of global energy supplies.