Crude oil futures continued their rally on Thursday, with West Texas Intermediate (WTI) jumping by more than 7% as investors kept an eye on the ongoing conflict in the Middle East, amid Iran’s Islamic Revolutionary Guard Corps’ (IRGC) threats of retaliating tenfold to any US attacks. Traders also digested today’s report from the Organization of the Petroleum Exporting Countries (OPEC), which …
The prices of oil futures extended gains on Thursday, with West Texas Intermediate (WTI) hitting $100 a barrel as investors assessed the possibility of a prolonged conflict in the Middle East. United States President Donald Trump declared yesterday that the war in Iran will end “immediately after” midterm elections in November, while oil prices will …
Several United States military aircraft were damaged in recent Iranian strikes on Jordan’s Muwaffaq Salti Air Base, CBS News reported, citing people with direct knowledge of the matter. Around 8 F-15 fighter jets sustained light damage and were returned to service, while an A-10 Thunderbolt was struck and lost a wing, according to the report. CBS …
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SINGAPORE, Sept 9 (Reuters) – Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing concern about oil flows from the region. Brent crude futures rose $2.15, or 2.2%, to $100.07 a barrel …
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Crude oil prices rose on Tuesday, with West Texas Intermediate (WTI) climbing over 3%, as military conflict in the Middle East intensified with attacks on key energy infrastructure. Saudi Arabia halted operations at some energy facilities after Houthi militants based in Yemen struck targets in the kingdom, wounding more than 70 people, the Energy Ministry said. Supply fears have compounded …
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Oil prices could surge to as much as $120 per barrel if attacks on shipping in the Middle East intensify, according to Goldman Sachs. “Events over the last few days do suggest that the risk of shipping disruptions broadening and intensifying is an important one,” Daan Struyven, co-head of global commodities research at Goldman Sachs, …
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You have watched your account do exactly what we said it could do. The oil trades you are holding right now are up. That is not a projection and it is not a promise. It is a result you can see in your own account, in real time. Take a moment with that thought. We …
Saudi Aramco’s oil facilities in the southwest city of Jizan were attacked on Monday, the Financial Times reported, citing two people familiar with the matter. The extent of the damage is still being assessed, and no information has been shared about the attack’s origin. One source described the incident as similar in scale to a Houthi …
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United States Central Command (CENTCOM) said on Saturday that US forces struck three Iranian crude oil tankers after the Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles toward two US Navy warships. CENTCOM said the US vessels avoided the Iranian attacks and no American personnel were harmed. US forces then disabled the M/T Downy off …
B. Riley Wealth, Chief Market Strategist Art Hogan, at projected that the Brent crude oil price could hit $100 in the next week “if … there is no resolution to reopening the Strait of Hormuz”. Although Hogan highlighted that WTI crude was $10 lower, he told Rigzone that this commodity “could follow with similar trajectory …