Chevron, Exxon Mobil, and other energy stocks have soared as Iran-Israel tensions stay high.

Inc.

Oil Price Spikes From Middle East Conflict Get Noticed on Wall Street

The Australian sharemarket has finished the week in the red, weighed down by the mining and technology stocks, as investors keep a watchful eye on the growing conflict in the Middle East.

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Sydney Morning Herald

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ASX closes in the red as Biden comment sparks oil price surge

Crude oil prices were set to end the week with substantial gains pushed higher by the latest events in the Middle East. Both Brent crude and West Texas Intermediate were about 8% higher on Friday morning in Asian trade than they were at the start of the week. The jump follows Iran’s missile barrage on Israel, the latter’s vow to retaliate, and comments by U.S. President Biden that his administration was discussing strikes on Iranian oil faciliti…

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Oil Prices Set for a Strong Weekly Gain as Middle East Conflict Escalates

Joe Mansueto

The Australian sharemarket is set to follow global stocks lower while oil prices extended gains amid rising geopolitical tension from the Middle East conflict. 
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Oil Price Spikes From Middle East Conflict Get Noticed on Wall Street

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