Oil settles up, biggest weekly gains in over a year on Middle East war risk
Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities.
What’s next for oil and gas prices as Middle East tensions heat up?
Oil prices climbed this week as unrest in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption on the flow of oil from the region.
Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.
Oil Price Spikes From Middle East Conflict Get Noticed on Wall Street
Wall Street has taken notice — share prices for companies in oil, gas, and drilling have moved higher with crude prices. The S&P 500 has dropped nearly one percent in that stretch. The energy sector within that index has rallied nearly 7 percent.
Oil edges up on Middle East conflict but supply outlook limits gains
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
Oil prices turn higher for the year as Middle East tensions flare
Oil futures finished higher for a third straight session on Thursday, prompting prices to turn higher for the year. Traders awaited Israel’s response to a missile barrage
U.S. crude oil has risen nearly 9% this week as traders fear Middle East supply disruption
Oil prices would spike by $10 to $20 per barrel if an Israeli strike knocks out 1 million barrels per day of Iranian production over a sustained period, according to Goldman Sachs. U.S. crude oil is set to book a nearly 9% gain for the week,
Oil prices jump, stocks fall on Middle East tensions
Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.
$100 oil could be the October surprise no one wanted
At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...
52-year-old worked 90-hour weeks in an oil refinery to save money for his business—now he's worth $9.5 billion
He's reportedly the country's 107th-richest person, with an estimated net worth of $9.5 billion, largely driven by his ...
Iran's oil minister 'not worried about crisis' amid Israeli threats
Iran's oil minister Mohsen Paknejad said on Saturday that he was "not worried" amid the escalating conflict in the region, ...
Scientific American6h
Challenging Big Oil’s Big Lie about Plastic Recycling
This legal action sets a precedent for other state attorneys general to follow. As the litigation piles up on big oil for ...
Oil Prices Jumped at Steepest Weekly Rate in 18 Months
Oil prices' steepest weekly rise since March 2023 began when Iran's historic missile strike on Israel Tuesday rekindled fears ...
Traders Bet Big on $100 Oil as Israel Launches New Attacks
President Joe Biden on Thursday told reporters he was discussing possible Israeli strikes on Iranian refineries, further ...
Oil Rise and Stronger U.S. Economy Causes Wall St Drift
Oil prices rise again as the world continues to wait to see how Israel will respond to Iran's missile attack on Tuesday.
Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
A calm 2024 for petroleum prices has given way to bets that a spike in energy prices could follow.
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Oil prices jump as speculation rises on possible Israel retaliation against Iran
US crude oil jumped slightly after US President Joe Biden said he was "discussing" an Israeli strike on Iranian oil ...