Oil prices climb again amid Middle East supply disruption worries

Brent crude futures, the global oil price benchmark, rose 63 cents to reach $105.91 per barrel, marking a 0.6 per cent increase in early morning trading. Meanwhile, US West Texas Intermediate crude climbed 72 cents to $93.32 per barrel, up 0.8 per cent, reflecting similar upward momentum across Atlantic markets.

The consecutive day of gains underscores persistent concerns about crude supplies from the West Asia region, where ongoing geopolitical tensions continue to unsettle energy markets. Traders remain cautious about potential disruptions to production and exports from one of the world's most critical oil-producing zones.

The modest price movement reflects a market carefully balanced between supply concerns and demand considerations. Analysts suggest that while the geopolitical situation keeps upward pressure on prices, economic headwinds and demand uncertainties are preventing sharper rallies.

For India, which imports roughly 80 per cent of its crude oil requirements, even small price movements have implications for fuel costs and inflation. The sustained price elevation at current levels continues to influence domestic energy policy and consumer spending patterns across the region.