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Oil prices set for 10% weekly rise
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 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.
Nymex Overview: Oil Up, Complex Set for Big Weekly Rise on Mideast Conflicts -- OPIS
Stronger-than-expected U.S. jobs data for September, however, kept oil futures from rising further because the report sharply strengthened the U.S. dollar and reduced the probability of another large interest-rate cut by the Federal Reserve in October.
1h
on MSN
Oil Moguls Emerge as Key Cash Source for Trump as Race Nears End
Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their ...
10h
on MSN
Big Oil Urges Trump Not to Gut Biden’s Climate Law
Oil companies try to persuade the former president and his Republican allies not to slash provisions of the Inflation ...
2d
Oil Prices Shot Up This Week. How High Will They Go?
Oil markets are on edge this week as traders try to anticipate impacts on oil supplies from a potential major retaliation on ...
20h
on MSN
52-year-old worked 90-hour weeks in an oil refinery to save money for his business—now he's worth $9.5 billion
He's reportedly the country's 107th-richest person, with an estimated net worth of $9.5 billion, largely driven by his ...
2d
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.
1d
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, ...
3d
$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 ...
2d
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 ...
2d
on MSN
Stock market today: Indexes fall, oil surges on Middle East turmoil ahead of jobs report
Indexes fell Thursday on rising risks to oil supplies amid escalating Middle East tensions and as traders braced for Friday's ...
2d
on MSN
Oil Rise and Stronger U.S. Economy Causes Wall St Drift
Oil prices rise again as the world continues to wait to see how Israel will respond to Iran's missile attack on Tuesday.
1d
on MSN
Oil prices set for big weekly gain as traders await Israel’s response to Iranian missile attack
Oil futures headed higher on Friday, with Brent prices on track to post a gain of more than 9% for the week, as tensions in ...
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