Oil prices surged more than 8% with Brent crude hitting $100 per barrel Thursday, as traders remain unconvinced that release of government stockpiles could offset the massive supply shock triggered by the war in the Middle East. US crude stocks rose while fuel inventories fell last week, the EIA sai

Oil markets have been in freefall chaos over the past 48 hours, with prices surging at a pace rarely seen outside major crises. What started as steady upward pressure has turned into a full-blown spike, sending shockwaves through global economies and energy-dependent industries. WTI crude jumped mor

Executive Summary 🔸Oil prices surged above US$110 as Middle East conflict disrupted supplies. 🔸Asian markets plunged, with South Korea and Japan hit hardest. 🔸Governments imposed fuel caps and rationing to contain panic buying. (March 9) U.S. oil prices surged above US$110 per barrel on Ma