Crude oil prices today: WTI, Brent higher after losing streak
Although Israel has held back from retaliating against Iran so far, the situation “could change at a moment’s notice,” according to Rystad Energy.
Although Israel has held back from retaliating against Iran so far, the situation “could change at a moment’s notice,” according to Rystad Energy.
Israel reportedly told the U.S. that it will not strike Iran’s oil facilities.
Anticipation of rate cuts by the U.S. Federal Reserve and hopes that Beijing will unleash more stimulus to boost its economy are driving up investor sentiment.
Anticipation of rate cuts by the U.S. Federal Reserve and hopes that Beijing will unleash more stimulus to boost its economy are driving up investor sentiment.
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The International Energy Agency said Tuesday that its members are prepared to take action if there is a supply disruption in the Middle East.
Lloyd’s List reports record volumes of Russian oil carried on “dark fleet” vessels and sanctioned tankers without known insurance in September.
Soft demand in China has weighed on the market for months.
Traders worry Israel will hit Iran’s oil industry, potentially triggering a cycle of escalation that causes a significant disruption of supplies.
Goldman Sachs sees global benchmark Brent jumping as much as $20 if an Israeli strike disrupts Iranian crude oil production.