Oil Breakout: Crude Surges 13% Above $80 on Middle East War Fears – SUCH TV
Global oil markets jolted sharply higher on Monday as escalating conflict in the Middle East triggered fears of supply disruption, pushing Brent crude up 13% to above $82 per barrel. Futures for US benchmark West Texas Intermediate (WTI) also jumped nearly 10%, crossing $70 per barrel in early Asian trading. The surge follows US and…