Bets oil will hit $100 a barrel surge on fears of wider Middle Eastern war
Options traders have made record bets that will pay off if Middle East tensions push oil toward $100 a barrel.
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
What's next for oil and gas prices as Middle East tensions heat up?
Oil prices rose than $6 per barrel (5.47 euros) this week and prices at the pump moved higher as well. The average price for a gallon of gas rose 5 cents from last week. Any major escalation of tensions in the Middle East conjures up memories of the oil embargo that followed the start of the Yom Kippur war in 1973, which quadrupled oil prices.
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,
Middle East conflict lifts oil prices despite large US crude build
Oil prices edged up on Wednesday on worries that the escalating conflict in the Middle East could threaten oil supplies from the world's top producing region, but a large build in U.S. crude inventories limited gains.
Brent crude scores biggest weekly gain in two years as Middle East fears surge
Crude oil futures extended gains on Friday, with U.S. and global benchmark prices surging more than 9% for the week, as Middle East tensions continued to rise in the wake of Iran's missile attack on Israel earlier this week,
Crude oil prices today: WTI prices hold steady today
WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $91.09 on Oct. 20, ...
Will Oil Prices Surge to $100 a Barrel?
A widening conflict in the Middle East and a surge in oil prices have triggered a rush into bullish bets tied to the ...
Crude oil set for best week since March 2023 on fears Israel will strike Iran oil industry
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 ...
Oil markets are too complacent as Israel is in ‘three eyes for one eye’ mode, expert says
Don't assume "an eye for an eye" response as Israel contemplates its next move against Iran and its proxies, with a top ...
U.S. Adds to Crude Oil Stockpiles
Gasoline inventories also rose, while distillate fuel oil stocks fell.
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When Will USA Crude Oil Production Peak?
James Davis, the Director of Short-Term Global Oil Service & Head of Upstream Oil at FGE, revealed to Rigzone that FGE ...
Traders place bets for $100 crude as tensions rise in the Middle East
Options traders have been making bullish bets that oil could soon climb to $100 a barrel as tensions between Israel and Iran raised worries of a wider conflict in ...