📰 ET Markets 🟢 BULLISH 🕒 08 Oct 2026, 09:15 AM IST

Oil Price Today (October 8): Crude oil jumps 2% to $102 amid rising attacks on ships in Middle East. What lies ahead?

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Oil Price Today (October 8): Crude oil jumps 2% to $102 amid rising attacks on ships in Middle East. What lies ahead?

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Market & Financial Impact: Oil prices climbed on Thursday, with Brent crude surpassing $102 a barrel as Middle East tensions and attacks on Gulf shipments heightened supply concerns. WTI also rose nearly 2%. Falling US crude inventories added support, while analysts warned prolonged Strait of Hormuz disruptions could push prices significantly higher, potentially toward $120.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Oil Price Today (October 8): Crude oil jumps 2% to $102 amid rising attacks on ships in Middle East. What lies ahead?

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