Oil Markets Caught Between Iran War Risks and Emergency SPR Releases

Oil Markets Caught Between Iran War Risks and Emergency SPR Releases

Crude oil gave back ground on Thursday as traders weighed emergency supply against tentative efforts to reopen talks with Iran. Neither side has taken control. The U.S. Strategic Petroleum Reserve is delivering barrels, but the reserve is near its lowest level since 1982. Peace efforts have resurfaced, but no agreement has been reached, and the threat to regional shipping and Saudi energy infrastructure remains. On Friday, at 00:05 GMT, December…

FTSE 100 Live: Stocks to rise; oil up as US considers Iran strikes

Welcome to City AM‘s FTSE 100 liveblog. It’s Friday morning and stocks are set to open higher. Oil prices are on the march this morning, up above $112 per barrel after dropping on Thursday afternoon. This follows news that a senior US commander has briefed Trump on his options for resuming its assault on Iran [...]

Crude oil futures rise on reports of potential US military action against Iran

At 9.34 am on Friday, December Brent oil futures were at $116.25, up by 1.19%, and December crude oil futures on WTI were at $103.20, up by 1.18%

Oil climbs on US military strike fears over Iran

Oil rises as US may resume military strikes against Iran, lifting Brent and West Texas Intermediate prices. Read more at straitstimes.com.

Oil wavers on conflicting reports of US military moves in Iran

Trump has singalled that he may resume the military campaign against Teheran after US midterms Read more at The Business Times.

Oil markets caught between Iran war risks and emergency SPR releases - The Ghana Report

Crude oil gave back ground on Thursday as traders weighed emergency supply against tentative efforts to reopen talks with Iran. Neither side has taken control. The U.S. Strategic Petroleum Reserve is delivering barrels, but the reserve is near its lowest level since 1982. Peace efforts have resurfaced, but no agreement has been reached, and the […]