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Oil Markets Can't Decide What They're Afraid Of And That's the Real Story
If you'd shown an energy trader in June the price chart for July, they'd have assumed something had gone badly wrong. Brent crude went from grinding toward $70 a barrel, its lowest level since before Iran and the US started trading strikes back in February, to jumping nearly 7% in a single session after Washington resumed bombing runs on Iranian targets just weeks after signing a memorandum of understanding meant to end exactly that conflict. Briefly, Brent topped $80. Then it drifted back down again.
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cryptobriefing.com
Oil prices surge on largest two-day gain in four months amid US-Iran tensions
Brent crude surged 9.59% over two days to $83.30 as US-Iran military escalation and Strait of Hormuz tanker attacks reignited global supply disruption
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iol.co.za
Oil Markets Can't Decide What They're Afraid Of And That's the Real Story
If you'd shown an energy trader in June the price chart for July, they'd have assumed something had gone badly wrong. Brent crude went from grinding toward $70 a barrel, its…
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Global oil markets face heightened price spike risk as Iran conflict reignites
Renewed US-Iran conflict threatens global oil supply through the Strait of Hormuz, with Brent crude forecasts revised up nearly 30% and analysts warning of
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rfi.fr
Oil hits one-month high as Mideast war keeps investors on edge
Brent crude hit on Monday its highest price since June due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout…
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Oil hits one-month high as Middle East war keeps investors on edge
With Brent crude reaching its highest price since June, how are investors reacting to the escalating conflict in the Middle East?