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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.

Reuters on MSN · 1d

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.

Investopedia on MSN · 6d

Crude Oil Prices Jump As Tensions Escalate In The Middle East

Crude oil gained as much as 5% Tuesday as tensions escalated in the Middle East. Reports of Iran firing rockets towards Israel sparked concerns around disrupted supply in one of the world's most significant oil producing regions. Brent crude futures briefly crossed $75 per barrel and Western Texas Intermediate (WTI) traded at nearly $72 per barrel.

20hon 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 ...

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 ...

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 ...

4don MSN

Stock market today: Oil prices jump again on worries about the Middle East as Wall Street fades

Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their ...

Oil prices jump most in nearly a year after Iran launches missile attack at Israel

Oil prices spiked on Tuesday after Iran fired over 100 ballistic missiles against Israel, pushing prices to the highest level ...

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 ...

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, ...

Crude oil prices jump after President Biden's Iran comment

Benchmark WTI crude oil futures surged in New York on Thursday, after US President Joe Biden said he was discussing ...

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