Brent oil’s price briefly tops $100 per barrel, as stocks are set to drop on Wall Street
Crude futures surged nearly 6% in the domestic market on Thursday (July 23, 2026), as the global benchmark Brent oil reclaimed the $100 a barrel level amid escalating tensions in West Asia. President Donald Trump said, “Now they [Houthis] are starting up again, shooting at two Saudi Arabian ships last night.
- ▪Crude futures surged nearly 6% in the domestic market on Thursday (July 23, 2026), as the global benchmark Brent oil reclaimed the $100 a barrel level amid escalating tensions in West Asia.
- ▪President Donald Trump said, “Now they [Houthis] are starting up again, shooting at two Saudi Arabian ships last night.
Opening excerpt (first ~120 words) tap to expand
Crude futures surged nearly 6% in the domestic market on Thursday (July 23, 2026), as the global benchmark Brent oil reclaimed the $100 a barrel level amid escalating tensions in West Asia. Stock markets extend losses to fourth day on surging crude oil pricesAnalysts said the escalation in the Red Sea region has raised fears of fresh disruptions to global energy supplies.On the Multi Commodity Exchange, crude futures for August delivery increased by ₹477, or nearly 6%, to ₹8,887 per barrel.Traders said fresh buying gathered pace after renewed attacks in the Red Sea region heightened fears of disruptions to energy exports from the Gulf nations.In a post on Truth Social, U.S.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
