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What’s next for oil and gas prices
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.
What’s next for oil and gas prices as Middle East tensions heat up?
Oil prices climbed this week as unrest in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption on the flow of oil from the region.
Oil Price Spikes From Middle East Conflict Get Noticed on Wall Street
Wall Street has taken notice — share prices for companies in oil, gas, and drilling have moved higher with crude prices. The S&P 500 has dropped nearly one percent in that stretch. The energy sector within that index has rallied nearly 7 percent.
Oil Surges
Iran's oil minister 'not worried about crisis' amid Israeli threats
Iran's oil minister Mohsen Paknejad said on Saturday that he was "not worried" amid the escalating conflict in the region, the ministry's Shana news site said, after reports that Israel may strike Iran.
Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
A calm 2024 for petroleum prices has given way to bets that a spike in energy prices could follow.
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 world’s supply.
19h
on MSN
Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
Fifteen miles off Iran's northwestern coast, the Kharg Island terminal handles more than 90% of the country's crude exports.
1d
$100 oil could be the October surprise no one wanted
At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...
Scientific American
1h
Challenging Big Oil’s Big Lie about Plastic Recycling
This legal action sets a precedent for other state attorneys general to follow. As the litigation piles up on big oil for ...
18h
on MSN
Traders Bet Big on $100 Oil as Israel Launches New Attacks
President Joe Biden on Thursday told reporters he was discussing possible Israeli strikes on Iranian refineries, further ...
15h
Oil Prices Jumped at Steepest Weekly Rate in 18 Months
Oil prices' steepest weekly rise since March 2023 began when Iran's historic missile strike on Israel Tuesday rekindled fears ...
1d
on MSN
Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.
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