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Brent Oil Tops $100 Mark Amid Ongoing Middle East Tensions

Guavy AI Editorial Team
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Asian stocks fell on Thursday as oil prices remained above $100 per barrel due to ongoing tensions in the Middle East, making investors nervous about upcoming US inflation data.

The Brent crude futures price eased to $101.11 per barrel after breaking through the psychological $100 mark for the first time since July.

Nick Twidale, chief market strategist at ATFX Global, said that traders who held off in hopes of a Middle East peace deal may now 'hit the trigger as the realities of a longer conflict kick in.'

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