Oil prices surge above $108 as Middle East tensions keep markets on edge
The price of #BrentCrude, the global benchmark for #oil, jumped 4%, to above $105 a barrel for July delivery, but slipped to $104 a barrel after the #UAE said it would leave the #OPEC oil cartel next month. Brent’s price has risen about $10 per barrel over the past week. The price for oil deliverable in June rose above $110 per barrel for the first time this month.
West Texas Intermediate [#WTI] #crude, the #US benchmark, rose 5%, to around $101 a barrel, for June delivery.








