US EditionCrude Prices May See Further Spike as West Asia Tensions Escalate
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7 Articles
Crude prices may see further spike as West Asia tensions escalate
Escalating West Asia tensions post-US strikes on Iran may spike crude oil prices, impacting India’s energy imports and downstream sectors. Analysts expect Brent to stay above $75/barrel, raising risks for refiners, transport costs, and inflation amid global supply disruption fears.
Geopolitical Tensions Could Boost Energy Prices - Real News Now
Prolonged overbought statuses are not uncommon in the market. Furthermore, a notable increase in market volatility can be expected once the BMI or Big Money Index recedes from its overbought state. An ongoing war scenario, in tandem with these market conditions, may lead to potential dips. However, any such downward trends will be indicated promptly by the BMI. Should the stock markets become unattractive for investment, the BMI is typically the…
[New York Joint] On the night of the 22nd, the New York crude oil futures price for the benchmark US standard oil (WTI) briefly hit the 78 dollar range per barrel in after-hours trading. This is the highest price since mid-January. Concerns over supplies from the Middle East have spread, and the price has risen by more than 4% compared to the closing price at the end of the previous week.
The attention is focused on whether Iran's capture will cause interruptions in crude oil flows, which have so far remained unchanged Oil operators are preparing for a possible leap in oil prices when the market opens, with attention turned to whether Iran's air raids in the United States will cause interruptions in crude oil flows, which have so far remained largely unchanged.
The new Middle East war and the threat situation in the Persian Gulf are exploding the charter costs for oil tankers: the cost of a very large oil tanker (VLCC=Very Large Crude Carrier) on the route from the Persian Gulf to China rose from $19.998 a day to $47,609 a week. This development will soon burden all end users.The contribution Oil tanker costs rise: fuel prices could massively fuel inflation appeared first on Tichy's insight.
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