Global crude oil prices are moving toward $100 per barrel as renewed fighting in the Middle East intensifies concerns about possible supply disruptions, according to Punch. The report links the upward pressure on crude to heightened geopolitical risk in a key producing region, with traders watching for signs that exports or infrastructure could be affected. No specific benchmark, production outage, or casualty details were provided in the feed.

Dangote Refinery may increase petrol prices again as Brent crude oil approaches $100 per barrel, according to Legit.ng. The rising global crude price is reportedly driving up replacement costs for the refinery and adding pressure across Nigeria's downstream petroleum market. The potential price hike would come at a time when fuel costs remain a major concern for Nigerian consumers and businesses. Further details on the timing or scale of any adjustment were not provided in the report.

Brent crude has risen above $100 per barrel, a development with mixed implications for Nigeria, according to Legit.ng. The price surge could boost the country's oil revenues, given its status as a major crude exporter. However, it also raises concerns about rising inflation and higher fuel costs for consumers and businesses. The report frames the milestone as both good and bad news for Africa's largest oil-producing economy.

Petrol prices in Lagos have risen to N1,310 per litre amid tensions in the global oil market. According to Goldman Sachs, crude oil prices could climb to $120 per barrel globally due to supply risks linked to the Middle East, which could push fuel costs higher worldwide.

Brent North Sea crude, the international oil benchmark, rose above $100 a barrel on Wednesday for the first time since late July. According to Vanguard, the price surge was driven by fresh flare-ups in the Middle East conflict, which heightened concerns over potential disruptions to global oil supplies. The development marks a significant milestone for energy markets amid ongoing geopolitical instability in the region.

Petrol depot prices in Nigeria have fallen by about 17 percent as marketers adjust to increased competition from the Dangote Refinery, according to Legit.ng. The reduction offers consumers temporary relief despite rising international crude oil costs. The development reflects shifting dynamics in the country's downstream petroleum sector, where local refining is beginning to influence pricing. Marketers have slashed depot rates in response, though it remains unclear how long the lower prices will last.