Oil Prices Hold Near Six-Week Highs on U.S.-Iran Attacks
14 Articles
14 Articles
US-Iran Fire in the Strait of Hormuz: What Happens to Oil, Gold and the Fed's Next Move
TODAY’S NUMBERS: $97.19 (Brent crude, a six-week high) · $5.85 (US retail diesel, a record) · 4.79% (US 10-year Treasury yield) War in the Gulf is repricing oil and diesel, while a hot jobs report keeps a Fed rate hike on the table — this week tests both bets at once. Over the weekend, the […]
The price of West Texas Intermediate (WTI) crude is trading above $90 a barrel, while Brent crude is nearing $100 a barrel, amid ongoing hostilities in the Middle East and seemingly still far from an agreement that would restore trade. Meanwhile, diesel prices in the United States are stuck at record highs of nearly $6 a gallon.
Oil prices hold near six-week highs on U.S.-Iran attacks
Oil prices were near six-week highs on Monday, creeping closer to US$100 a barrel, as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas kept crude oil flows in the Middle East low.
It's close to $100 a barrel.
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