Price of Brent crude again at triple digits | Northwest Arkansas Democrat-Gazette

Oil prices pushed past $100 a barrel Wednesday as fighting between the U.S. and Iran escalated, a move that could translate into higher costs for consumers and businesses worldwide. Brent crude, the international benchmark, climbed back into triple digits for the first time since July and settled at $101.21 by the close of trading. The jump followed attacks on Middle East oil facilities and ships that could further weaken an already strained supply chain. U.S. benchmark crude ended at $96.05. The article notes the market’s earlier swings since late February, including a period when Brent neared $120, and warns that sustained high prices could worsen the economic fallout of a war now over six months old.