Oil Prices

Oil Prices Jump Over 3% as Middle East War Escalates; Brent at $83.84, WTI at $77.29

Oil prices jumped sharply this week as fighting in the Middle East intensified once again. We saw Brent crude climb above $83.84 a barrel, while U.S. West Texas Intermediate (WTI) hit around $77.29. This was a gain of more than 3% in a single session. The move reflects deep fear in global markets about possible supply disruptions from the Middle East. Most traders now price in risk from geopolitical tensions and strained global inventories.

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