The Economic Times

Will brent crude oil price hit $150 as WTI crude surges? Is US-Iran tension or UAEs OPEC exit driving the global oil price spike? Oil futures and gas prices surge explained

Brent crude oil price surges: The brent crude oil price is not just rising. It is accelerating with a kind of urgency markets rarely show unless something deeper is breaking underneath. In the last few sessions, brent crude surged beyond $120 and briefly touched $126 per barrel. That is not a routine rally. That is a signal of stress. At the same time, the wti crude oil price pushed above $110, marking nearly a 90% surge since late February.