Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears
This story is no longer in the live feed. First reported .
Brent crude touched $110 a barrel on Friday, reaching that level for the first time since May, according to the Daily Mirror and Ada Derana.
The Daily Mirror attributed market concern to escalating tensions in the Middle East and the possibility of tighter supplies. Hiru News specifically described the price move as coming as Iran escalated attacks in the Strait of Hormuz.
Investors were also assessing how much diesel Russia might be able to supply to the global market, the Daily Mirror reported. The reports provided no further detail on the attacks, Russian supply volumes or subsequent price movements.
Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.
Earlier coverage
Reports on the same subject from the months before this story.
- Ada Derana (தமிழ்) · ட்ரம்பின் அறிவிப்பால் எண்ணெய் விலை சரிந்தது!
- Ada Derana (සිංහල) · මැදපෙරදිග උණුසුම් තත්ත්වය හමුවේ බොරතෙල් මිල ඩොලර් 107ට ළංවෙයි
- Hiru News · Oil prices edge lower as investors weigh Middle East tensions
- Hiru News (தமிழ்) · போரினால் வெடித்த பொருளாதார நெருக்கடி: 110 டொலர்களைத் தாண்டிய உலகளாவிய மசகு எண்ணெய் விலை!