Brent Crude At $119 Per Barrel, Oil And Gas Prices Jump As Strikes On Gulf Facilities Escalate
The price of oil and natural gas jumped as escalating attacks in the Persian Gulf threatened long-term damage to major energy facilities. European gas futures surged as much as 35% to more than double their pre-war level. Brent crude touched $119 a barrel, close to its highest since 2022, and European diesel futures topped $190…