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Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts s

  • Posted on August 12, 2026
  • By Business News Today
  • 1 Views
  • 1 min read
In brief

Global oil markets demonstrated resilience as maritime security concerns continue to support crude prices. Brent crude reached $89.63 per barrel with a 0.81% gain, while WTI crude climbed to $83.91, both recovering from recent lows. The uptick reflects ongoing geopolitical tensions affecting shipping routes and supply chain stability. Market analysts remain cautious, monitoring how international developments could further influence energy commodities in the coming weeks.

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Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts s
Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts s

Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.91.
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Business News Today

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