Oil prices climb toward $91 amid Middle East escalations and falling US reserves

International crude prices surged toward $91 per barrel on Wednesday as market investors reacted to escalating hostilities across the Persian Gulf alongside a significant decline in United States oil inventories. London Brent crude traded near the $91 threshold during afternoon sessions, driven by heightened concerns over regional energy supply stability.

Analysts attribute the sharp price rise to the dual impact of renewed geopolitical instability near major shipping lanes and tighter US crude stocks. The market shift reflects growing anxiety among global traders regarding potential supply disruptions if regional conflicts continue to escalate. Market participants remain focused on official inventory reports and security developments across the Gulf region.

Sources: HRT Vijesti.