From Investing.com:

Oil prices surged over 1% due to increased tensions in Russia, Ukraine, and the Middle East. Brent crude futures climbed to $86.48, while WTI futures reached $81.78. Attacks on Russian and Ukrainian energy facilities are further straining global oil supply concerns. Meanwhile, Israeli forces continue their offensive in Gaza amidst failed ceasefire negotiations, and U.S. troops intercepted Houthi drones over the Red Sea. Despite increased oil demand in 2024, OPEC has maintained supply curbs to ensure stability in case of a genuine supply shortage.



Read more at Investing.com: Oil drifts higher on heightened supply concerns By Reuters