Global Oil Prices Surge Amid Fears of Fresh US Strikes
Originally published by Hivileo — Read the original article →
Global oil prices rose to USD 108.23 (approximately Ksh 14,060) per barrel on October 22, as heightened tensions in the Middle East and Europe raised concerns about global energy markets.
The Central Bank of Kenya (CBK), in its Weekly Bulletin released on October 23, reported that Murban crude oil prices increased from USD 102.39 per barrel on October 15 to USD 108.23 on October 22.
Consequently, the price of Murban crude oil gained USD 5.84 per barrel in one week, reflecting the tensions highlighted by the central bank.
