Oil rises past $100 a barrel after the latest wave of Middle East attacks
The price of oil surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain.
TL;DR
- Oil prices climbed above $100 a barrel.
- This is the first time oil has reached this price point in nearly six weeks.
- Attacks on oil facilities and ships in the Middle East are the cause of the price increase.
- The attacks threaten to disrupt an already weakened supply chain.