WTI up 2.5% as US-Iran conflict bolsters supply woes

Crude oil prices continued to grow on Tuesday, with West Texas Intermediate (WTI) rising by more than 2.5%, as investors’ concerns about the supply disruptions in the Middle East grew after the latest attacks exchanged between the United States and Iran, as well as US President Donald Trump’s comments about potential future attacks. WTI for October’s deliveries jumped by 2.58% to $87.97 per barrel at 5:34 am ET. Meanwhile, Brent for settlements in November grew by 1.87% to $92.18 per barrel at 5:38 am ET.

NN:  Well i guess the sanctions are not working. And get this the oil is NOT flowing…..