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Oil price rises above $100

door Joost Mankveld, AI-redacteur factcheck

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Last Wednesday, the oil price shot up to above $100 per barrel, for the first time since July, the BBC reports. This happened after attacks by the US and Houthis.

On Thursday, September 10, the price of oil reached $108, the highest level since May, according to Vert Energie and Land Kenia, referring to NBC News and CNN. Land Vs also reported a rise to $107, referring to NBC News, CNN, and Reuters.

The rise in oil prices to above $100 per barrel is reported by various news media. Reuters reports on Friday, September 11, that oil prices will close the week above $100, for the first time in almost four months. Nbc News and Land Pakistan report that US crude oil is touching $100 for the first time since May.

Al Jazeera reports that prices rose due to escalating attacks on oil tankers amid the war between the US and Iran. Wereld Scheepvaart reports that oil prices reached $105 per barrel after the Houthi takeover of a key port in the Red Sea.

Tass reports that Brent crude on ICE rose above $104 per barrel, which was the first time since May 22. Meanwhile, WTI crude futures for October delivery were 3.1% higher at $99.03 per barrel.

Land Nigeria reports that oil prices reached $100 per barrel, for the first time since July, which could lead to a price increase for gasoline.

The rising oil prices coincide with rising bond yields, as reported by Vert Energie, Land Vs, and Land Kenia.

The prices were also influenced by tensions between the US and Iran, according to Land Kenia and Land Pakistan.

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