U.S. crude oil rebounds 1% after falling for two days
Oil prices have pulled back since Monday as Iran has held back from attack Israel and China demand weighs on the market.
Oil prices have pulled back since Monday as Iran has held back from attack Israel and China demand weighs on the market.
Iran has vowed to retaliate against Israel after a Hamas leader was assassinated in Tehran two weeks ago.
An expected attack by Iran on Israel is widely anticipated but has not yet materialized.
Israel has been preparing for strikes by Iran and the Hezbollah militia for nearly two weeks, following the assassination of a Hamas leader in Tehran.
Investors are looking at nuclear plants as an increasingly valuable resource as data centers’ power needs grow.
Texas crude oil has gained more than 4% for the week, while global benchmark Brent crude is higher by more than 3%.
Several international airlines have canceled flights to Israel as tensions in the region simmer.
Sunrun posted a surprise profit and sees opportunity to gain market share.
Oil prices are following the stock market higher after the selloff on recession fears.
Oil futures are falling on recession fears, even as Israel prepares for a strike by Iran.