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

Oil Prices Surge Towards $100 as Middle East Supply Risks Escalate

Guavy AI Editorial Team
Instruments
Oil
Share

Crude oil prices are surging towards $100 per barrel as Middle East supply risks intensify, driven by genuine physical supply concerns and geopolitical tensions. The price of WTI crude is up 1.3% to around $93.81 per barrel on TradingView, while Brent crude has reached a high of $99.46.

The escalation of hostilities in the region has disrupted Saudi energy facilities and tanker traffic through the Strait of Hormuz remains well below normal. Iran-backed Houthi forces attacked Saudi energy facilities, forcing operations to halt temporarily at some locations and injuring 73 people.

Goldman Sachs warns that oil could reach $120 per barrel if attacks on Middle Eastern shipping intensify, while the bank has raised its December 2026 Brent and WTI forecasts by $5 to $85 and $80 respectively.

More on Commodities

Commodities 5m ago

Europe Gas Prices Soar to Three-Year High Amid Winter Storage Worries

Commodities 6m ago

Barclays Sees Bright Future for Energy Services Once Iran Conflict Ends

Commodities 6m ago

Turkish Natural Gas Market Trade Volume Drops 51% on Monday

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. 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

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