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Middle East, oil
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 prices extend gains on fears of wider Middle East conflict
Oil prices extended gains on Monday, with Brent nearing $80 to build on last week's steepest weekly jump since early 2023, driven by fears of a wider Middle East conflict and potential disruption to exports from the major oil-producing region.
Oil prices jump, stocks fall on Middle East tensions
Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.
4d
Oil Prices Jump 5% on Iran Concerns
A rise in oil prices intensified Thursday after President Biden suggested that U.S. officials are considering whether to ...
4d
Oil Prices Jump After Biden Says ‘Discussing’ Israeli Strike on Iranian Facilities
The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the ...
18h
on MSN
Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data
Meanwhile, oil prices continued to surge on Monday, rising by about 4% as tensions in the Middle East continued to simmer on ...
6d
Oil Prices Jump, But Not That Much. Israel-Iran Conflict Offset by OPEC.
Oil prices were rising early Wednesday, but not as much as you might expect if traders expected supply disruptions from a wider war in the Middle East. West Texas Intermediate, the U.S. benchmark, ...
6d
on MSN
Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel
U.S. stocks are edging back from their records ahead of a couple reports that could show how well the economy is holding up.
6d
Canadian dollar outperforms G10 peers as oil prices jump
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices climbed on the escalating Middle East ...
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