Brent Crude Rises Above $101 Amid Storms and Security Concerns

Global crude prices climbed past $101 per barrel as weather disruptions and Middle East security risks renewed supply fears.

The price of Brent crude oil has risen above $101 per barrel following a series of threats that renewed concerns over disruptions to global oil supplies, news agency Anadolu and outlet News Mobile reported.

According to Anadolu, the price surge was driven by a storm alongside worries that attacks by Houthi rebels could disrupt energy flows. News Mobile noted that the increase came amid hurricane threats and heightened risks of attacks targeting Saudi Arabia.

Further details regarding the overall impact on the energy market have not yet been released.