Oil Prices Surge to $84 as Supply Risk Becomes Real ...Middle East

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Oil Prices Surge to $84 as Supply Risk Becomes Real
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Oil prices jumped by 8% early on Tuesday as markets brace for a prolonged conflict in the Middle East and fears of supply disruptions began to materialize.  As of 7:00 a.m. ET on Tuesday, the international benchmark, Brent Crude, had jumped by 8.36% to $84.24.  The U.S. benchmark, WTI Crude, moved up past the $75 per barrel threshold and traded at $76.93, up by 8% on the day.    After a 10% jump on Monday, oil prices continued their upward trajectory on Tuesday after U.S. President Donald Trump said that the war in Iran,…

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