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Oil stocks have more room to run
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.
Oil stocks have more room to run as tension in the Middle East escalates
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East. Israel
Iran's oil minister visits oil export terminal
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.
Iran's Oil Minister Visits Key Oil Terminal Amid Israel Strike Fears
An Israeli military spokesman said on Saturday that Israel would retaliate, following last week's missile attack by Tehran, "when the time is right." Following Iran's attack, Axios cited Israeli officials as saying that Iran's oil facilities could be hit in response.
Iran's oil minister visits oil export terminal as Israeli strike feared
Iran's oil minister landed on Kharg Island, home to the country's main export terminal, and held talks with a naval commander on Sunday, the oil ministry's news website Shana reported, amid concern Israel could attack energy facilities.
4h
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 ...
14h
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 ...
2d
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global ...
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
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.
2d
on 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 ...
2d
Will Oil Prices Surge to $100 a Barrel?
A widening conflict in the Middle East and a surge in oil prices have triggered a rush into bullish bets tied to the ...
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.
Hindustan Times on MSN
1d
Within 1 Day, Biden Changes Stand, Says 'No' To Another Israeli Plan For Iran Missile Attack Revenge
US President Joe Biden advised Israel to avoid striking Iranian oil facilities in response to the October 1 missile blitz. In ...
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