Commodities

Oil Prices Surge Amid Global Supply Chain Threats

By Bullbit Editorial · March 30, 2026

WhatOil prices surged 3.66% to $116.69 due to supply shock fears.
WhyEscalating military tensions and diplomatic breakdowns are disrupting global oil supplies.
SignalBrent Crude is trading at a new high, indicating growing investor concerns.
TargetInvestors are eyeing the $120 mark, a key resistance level for oil prices.
RiskA global supply chain crisis could lead to further price volatility and economic instability.