US EditionBrent Crude Trades Near $105 as Iran Attacks More Gulf Targets, While Shares Are Mixed
Iran's attacks on Gulf targets have disrupted over 12 million barrels per day of oil supply, pushing Brent crude prices above $100 per barrel amid ongoing conflict.
- Markets opened with oil trading near $105, as Brent crude traded near $105 on Monday while Asian stock indices fell in response to the Iran conflict, which has taken over 12 million barrels offline daily.
- Iran's strikes and the near-closure of the Strait of Hormuz have taken more than 12 million barrels of oil equivalent per day offline, disrupting tanker transits, a source reported.
- Members of the International Energy Agency are making a record 400 million barrels of oil available from reserves, while Brent crude has surged more than 40% since the war began.
- With gasoline at $3.69 nationwide on Sunday, rising oil prices are complicating Fed policy and increasing costs for U.S. consumers.
- President urged allies to secure the Strait of Hormuz, while Japan said it was not considering a maritime operation and Australia announced it would not send navy ships.
107 Articles
107 Articles
Iran "Starts New Phase Of Oil War" After Energy Production Hit
Iran "Starts New Phase Of Oil War" After Energy Production Hit Crude oil futures rose in overnight trading, with Brent nearly reaching $105 per barrel and WTI climbing as high as $98.42 per barrel, as Iran intensified drone strikes on energy infrastructure across the Gulf. "Further ominous developments today. For the first time, Iran successfully targeted oil and gas production facilities, rather than refining, terminals, and storage," Bloomberg…
The US benchmark West Texas Intermediate was up 5.16 percent to $98.32 per barrel, while the Brent also gained over 5 percent before retracing (ANSA)
Idaho State Journal
mykxlg.comAsian shares are mixed and US futures slip as Brent hovers above $100 a barrel
Shares are mixed in Asian trading after a dip in oil prices helped send the U.S. stock market to its best day since the war in Iran began. Early Tuesday, oil bounced back slightly with Brent crude selling for $104…
World shares are mixed and US futures slip as Brent hovers above $100
BANGKOK (AP) — Shares were mixed in Europe and Asia on Tuesday after a drop in oil prices helped send the U.S. stock market to its best day since the war in Iran began. The reprieve in prices for crude was short-lived, with Brent crude climbing nearly 4% early Tuesday to $104.13 a barrel. U.S. benchmark crude also climbed, to $97.53 per barrel after dipping to about $93 on Monday. U.S. futures fell back, with the contracts for the S&P 500 and th…
World shares are mixed and US futures slip as Brent hovers above $100 a barrel
BANGKOK (AP) — Shares were mixed in Europe and Asia on Tuesday after a drop in oil prices helped send the U.S. stock market to its best day since the war in Iran began.The reprieve in prices for crude was short-lived, with Brent crude climbing nearly 4% early Tuesday to $104.13 a barrel. U.S. benchmark crude also climbed, to $97.53 per barrel after dipping to about $93 on Monday.U.S. futures fell back, with the contracts for the S&P 500 and the …
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