Global Oil Passes $102 on Dual Supply Fears

Brent crude, the global oil benchmark, rose $2.28 to $102.28 a barrel on Oct 8, 2026, while U.S. West Texas Intermediate, the American benchmark, gained $1.66 to $89.94. Traders fear Middle East escalation and a hurricane-linked output squeeze off the U.S. coast. The twin threats could raise costs for consumers and freight.