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

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

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

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

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…

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

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.

ASX set to slide as Wall Street retreats; Oil surges higher

The Australian sharemarket is set to follow global stocks lower while oil prices extended gains amid rising geopolitical tension from the Middle East conflict. For more: Elrisala website and for social networking, you can follow us on Facebook Source of information and images “brisbanetimes”“