NewzOil prices climbed for the fourth consecutive session during early trade on Wednesday, edging closer to the $100 per barrel mark. The increase was driven by renewed strikes across the Middle East, which heightened market anxieties regarding potential disruptions to global energy supplies.
Benchmark Brent crude futures advanced by 1.4% to reach $99.33 a barrel by 0212 GMT. Concurrently, U.S. West Texas Intermediate (WTI) crude also registered gains, reflecting broad upward pressure on petroleum markets amid the escalating geopolitical tensions in the region.
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