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Brent Crude Tops $100 Amid Escalating Middle East Conflict
Brent crude oil futures rose over 5% on Thursday, pushing prices above $100 per barrel. This increase marks the first time since May that the benchmark has reached this level, occurring amidst an escalating conflict in the Middle East.
07/31/2026 · North Carolina edition
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Why it matters locally: Higher crude oil prices will likely translate to increased gasoline prices at the pump for North Carolina consumers, impacting transportation costs for individuals and businesses across the state.
Brent crude oil prices exceeded $100 per barrel on Thursday, November 2, for the first time in five months. The international benchmark for oil climbed more than 5% during trading hours. This price surge occurred as a conflict in the Middle East continued to intensify. The last time Brent crude reached this price point was in May.Related Topics
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