London, June 13, 2025 - Oil prices surged today due to heightened tensions in the Middle East. The increase follows reported attacks, contributing to market instability and investor concerns.
Financial markets and commodity traders reacted to the geopolitical instability. West Texas Intermediate (WTI) futures rose significantly, reaching approximately $77.5 per barrel, a level not seen in a year. Brent crude, the European benchmark, also increased, exceeding $78.5 per barrel.
This surge represents the largest intraday jump since 2022 and the largest weekly increase since that year, reflecting over a 10% rise. Investors are closely monitoring the impact on inflation and global markets, particularly as the situation continues to evolve throughout June 2025.