War about to get real HOT Israel and Iran Oil
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Posted On: 04/10/2024 2:50:33 PM
War about to get real HOT Israel and Iran
Oil Prices Pop Higher as US Sees Imminent Strike on Israel
WTI climbed as much as 1.2% to trade above $86 a barrel
US crude inventories rose to the highest level since July
Oil is still up 19% this year as OPEC+ cuts supply and geopolitical tensions across the Middle East present bullish tailwinds.
Oil is still up 19% this year as OPEC+ cuts supply and geopolitical tensions across the Middle East present bullish tailwinds.Photographer: Jason Franson/Have a confidential tip for our reporters? Get in Touch
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By Julia Fanzeres and Alex Longley
April 9, 2024 at 7:15 PM EDT
Updated on April 10, 2024 at 1:50 PM EDT
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Oil reversed earlier losses and quickly moved higher after it was reported that the US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent.
West Texas Intermediate rallied as much as 1.2% to trade above $86 a barrel on Wednesday before paring back some gains. Prices are up about 19% in 2024, partly on geopolitical risks in the Middle East.
jmho
Oil Prices Pop Higher as US Sees Imminent Strike on Israel
WTI climbed as much as 1.2% to trade above $86 a barrel
US crude inventories rose to the highest level since July
Oil is still up 19% this year as OPEC+ cuts supply and geopolitical tensions across the Middle East present bullish tailwinds.
Oil is still up 19% this year as OPEC+ cuts supply and geopolitical tensions across the Middle East present bullish tailwinds.Photographer: Jason Franson/Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
By Julia Fanzeres and Alex Longley
April 9, 2024 at 7:15 PM EDT
Updated on April 10, 2024 at 1:50 PM EDT
Save
Oil reversed earlier losses and quickly moved higher after it was reported that the US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent.
West Texas Intermediate rallied as much as 1.2% to trade above $86 a barrel on Wednesday before paring back some gains. Prices are up about 19% in 2024, partly on geopolitical risks in the Middle East.
jmho
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