Brent Crude Tops $100 Amid Red Sea Supply Concerns
Global crude oil prices surge above $100 as Red Sea attacks and Gulf tensions raise fears of supply disruptions.
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“Brent Crude Tops $100 Amid Red Sea Supply Concerns”
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24 Jul 2026
New Delhi, July 24 (IANS) Global crude oil prices remained elevated on Friday, with trading above the $100-per-barrel mark amid escalating geopolitical tensions in the Gulf, raising concerns over global energy supplies.
International benchmark Brent crude rose 0.43 per cent or 44 cents to remain above the $100-a-barrel level, while US West Texas Intermediate (WTI) crude gained 0.69 per cent or 64 cents to $92.83 a barrel.
In the domestic market, crude oil futures for August delivery on the Multi Commodity Exchange (MCX) were trading at Rs 8,865 per barrel, down Rs 159, or 1.76 per cent, at around 10 a.m.
