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.
Oil stocks have more room to run as tension in the Middle East escalates
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East. Israel
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.
Middle East tensions drive biggest weekly oil price surge in a year
Crude oil prices see their largest weekly gain in over a year due to rising tensions between Israel and Iran-backed Hezbollah.
Middle East Conflict Risks Huge Oil Rrices, Threat To US Economy
Oil prices have dropped from $92 last year to $70 recently. The Wall Street Journal speculated that Saudi Arabia might push the price to $50 in a disagreement among OPEC+ nations. Tension in the Middle East has started to reverse this trend,
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.
Crude oil prices today: WTI prices are up 3.37% today
WTI futures traded around $73.94 per barrel, as of 9 a.m. ET. That’s an increase of 3.37% in the last 24 hours.
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 ...
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 ...
Rigzone4d
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 ...
U.S. Adds to Crude Oil Stockpiles
Inventories of crude oil in the U.S. rose for the week ended Sept. 27, counter to analyst forecasts of those stocks dropping.
Iraqi News1h
Iraq’s weekly oil exports to US decline to 152,000 barrels
The US Energy Information Administration announced on Sunday that Iraq’s weekly oil exports to the United States declined ...
Is $70-$75 the new normal for Brent crude oil prices?
Brent crude seems to be stuck in a range of $70-$75 per barrel as geopolitical tensions get overshadowed by poor demand and ...