Global oil prices jump nearly 7% on Middle East supply disruption fears

Amman, July 29 (Petra) – Global oil prices surged nearly 7% on
Wednesday, driven by escalating tensions in the Middle East that
heightened concerns over tightening supplies.

According to Bloomberg, Brent crude futures rose by $6.16, or 7.33%,
to $90.25 a barrel.

U.S. West Texas Intermediate (WTI) crude gained $5.40, or 6.81%, to
reach $84.65 a barrel.

//Petra// AF