Crude Oil Futures Settle Above $100 per Barrel for Second Consecutive Day

BlockBeats News, March 14th, the price of Brent crude oil futures closed above $100 per barrel for the second consecutive trading day, hitting the highest level in over three years. Meanwhile, the Middle East conflict continues to escalate, and world leaders are working to address the biggest disruption in the history of the oil market.

Brent crude oil futures closed at $103.14 per barrel, while U.S. crude oil futures closed near $99 per barrel, reaching the highest level since July 2022.

Analysts and traders noted that if the price of Brent crude oil futures remains above the key psychological level of $100 per barrel, the rising energy costs could increase pressure on U.S. President Trump to end the war with Iran. Currently, the impact of rising oil prices has begun to affect consumers in many parts of the world. (Oriental Fortune)