Oil surged 60% this year and is approaching $100 per barrel, fueling fears of a new energy crisis. The barrel of Brent, the European oil benchmark, resumed its upward trajectory in recent sessions and is approaching alert levels again.
September is traditionally a month associated with bad omens for financial markets, and this year began with poor prospects. On Tuesday, European crude rose almost 2% and approached $100 per barrel.
Several Houthi attacks on energy facilities in Saudi Arabia forced operations to halt, contributing to the price surge. Geopolitical tension in the Middle East continues to be a determining factor for oil markets.
