Oil prices surge 13% amid supply disruption

Brent crude futures surged to an intraday peak of $82.37 per barrel, the highest level since January 2025, before easing slightly. By 0605 GMT, the global benchmark was still up $5.41, or 7.4%, at $78.28 a barrel. US West Texas Intermediate (WTI) crude also posted sharp gains, climbing to a session high of $75.33, marking … Continue reading Oil prices surge 13% amid supply disruption