Oil prices end at highest in a week as Iran launches missile attack on Israel
Oil futures climbed by nearly 5% to touch session highs on Tuesday after Israel Defense Forces said Iran launched missiles toward Israel, in what is considered to be a significant escalation of tensions in the Middle East that may threaten global crude supplies from the region.
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Brent prices briefly jumped 5% on Tuesday after Iran fired ballistic missiles at Israel, and prices are moving higher again today after Israel vowed to retaliate. That raises the risk of a disruption to crude supplies from a key producing region. John Authers and Richard Abbey tackled that in the Points of Return column, which is well worth a read.
The rise in oil prices comes at a relatively quiet period in the U.S. gasoline market. Drivers have enjoyed a sharp decline ...
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil ...
U.S. stocks retreated from their records Tuesday after Iran fired missiles into Israel, a sharp escalation of tensions in the ...
Oil prices were already trading up on the rumors leading up to the attack on Israel. At 10 am ET this morning, West Texas ...
Crude oil spiked more than 3% to intraday highs on speculation the conflict will limit production. Traders also piled into ...
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.
OPEC+ is set to meet tomorrow, and the group will be under pressure to support oil prices which have been falling fairly ...
"The risk of supply disruptions in the Middle East are being offset by the prospect of production hikes from OPEC. Despite ...
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