Oct 8, 2026, 9:51 PM

Oil prices climb past $101 a barrel

Oil prices climb past $101 a barrel

TEHRAN, Oct. 08 (MNA) – Oil prices are extending their upward climb, with Brent crude futures gaining $1.33, or 1.33 percent, to reach $101.53 a barrel as of 01:16 GMT on Thursday.

US West Texas Intermediate (WTI) crude went up $1.11, or 1.26 percent, to trade at $89.39.

The increases came amid persistent worries about supply from the key Middle East producing region, driven by an escalation in attacks on shipping in the Persian Gulf and the Strait of Hormuz.

MNA

News ID 248422

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