Crude Oil Prices Rise for Fourth Consecutive Day Amidst West Asia Conflict

New York. Crude oil prices rose for the fourth consecutive day in the global market on Wednesday. The price of oil in the international market has increased due to escalating conflict in West Asia. On that day, the price of Brent crude reached near $100 per barrel at the ICE Exchange's Comex division in London.

This has also put pressure on oil prices in the Asian stock market. Amid concerns that rising oil prices could further increase inflation, investors' attention has focused on US consumer price data.