Crude oil prices rising rapidly

2026-03-07 - 06:18

Foreign reports state that crude oil prices have risen sharply due to the war situation that has emerged in the Middle East region. Accordingly, the price of a barrel of Brent crude oil has increased by 9% compared to its value yesterday (06), and has now exceeded US$93. This is the first time in two years that oil prices have risen in this manner. The last time crude oil prices increased significantly was during the period from September to November 2023.