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Crude Oil Prices Near 5-Month High Amid Iran-Israel Tensions: What’s Driving the Surge?
Oil prices are fluctuating as the conflict between Iran and Israel continues for the sixth straight day. Brent crude had reached $76.70 per barrel, its highest level since February, while West Texas Intermediate (WTI) was also trending up.
Oil set to rise for third week on escalating Israel-Iran conflict
The U.S. West Texas Intermediate crude for July – which did not settle on Thursday as it was a U.S. holiday and expires on Friday – was up 86 cents, or 1.1%, to $76.
Dow closes down 750 points after Israel-Iran conflict deepens, oil prices spike
The Dow Jones Industrial Average close down nearly 770 points, or 1.7%. The S &P 500 declined 1.1%, while the tech-heavy index slid 1.3%. The jump in oil prices threatens to raise the price of gasoline for U.S. drivers, since crude oil makes up the top ingredient in car fuel.
Oil prices spike after Israel's strikes on Iran
Brent crude prices hit the highest level since January after IDF strikes on Iran prompts fears of retaliation that could impact global energy supplies.
Oil prices see sustained surge after Israel strikes Iran
US and Brent crude prices jumped on fears of supply disruption from the Middle East as Iran has repeatedly threatened to close a key shipping route.
Denver7 talks to CO financial advisor about how conflict between Israel and Iran could impact state gas prices
As Israel and Iran exchange attacks, investors worry about a broader conflict across the Middle East that could cause gas prices to soar even more in the U.S. and Colorado.
Shares and oil prices gain as the world waits to see if US will join Israel's war against Iran
World shares are mostly higher and crude oil prices have rebounded as investors wait to see if the U.S. will join Israel’s war against Iran. Britain's FTSE 100 was 0.4% higher at 8,829.82 and the CAC-40 in Paris gained 0.
Oil prices jump as Israel-Iran conflict escalates
Oil prices rose on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge. Brent crude futures were up $1.48, or 1.9%,
U.S. Oil Prices Gain on Inventory Slump. Israel, Iran Conflict Is Still Driving the Market.
Oil prices in the U.S. and the rest of the world were diverging Friday. That’s unusual, but the bigger picture is that prices are significantly higher than they were a week ago. West Texas Intermediate futures,
Oil Price Surge Halts After Trump Shuns Immediate Involvement In Iran-Israel Conflict
Brent crude futures slipped 2.9% to $76.59 per barrel, while the U.S. West Texas Intermediate crude fell 0.6% to $73.42 per barrel at 2.40 am ET.
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran
Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.
Traders pile into $80 US oil bets as tensions rise in Middle East
Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more ...
Key question for oil prices: Will exports be affected?
Oil futures soared in electronic trade late Thursday after Israel's attack on Iran, with West Texas Intermediate crude, the U ...
WTI climbs above $72.00 on heightened geopolitical tensions in the Middle East
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.05 during the Asian trading hours on Friday.
Crude futures settle higher
The West Texas Intermediate for July delivery gained 30 cents, or 0.4 percent, to settle at 75.14 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery went up 25 ...
Here’s the ‘danger zone’ for U.S. oil prices causing recession, according to DataTrek
Oil prices recently jumped on worries over the fallout from escalated tensions in the Middle East, but not to levels that risk leading to a recession, according to DataTrek Research. Based on recent U ...
Nigeria’s Dangote Oil Refinery Is Buying Ever More US Crude
Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels for the nation of 228 million people? Try crude fields around Midland in ...
Stocks struggle, oil up for 3rd week as Trump weighs US action on Iran
By Stella Qiu SYDNEY (Reuters) -Share markets in Asia struggled for direction on Friday as fears of a potential U.S. attack on Iran hung over markets, while oil prices were poised to rise for a third ...