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European Shares Close Lower as Oil Spike Intensifies ...
Oil prices briefly topped $115 per barrel due to Iran conflict fears before dropping 8-9% as G7 and IEA discussed strategic reserves and future production increases.
Summary by Fox Business
2 Articles
2 Articles
Oil spike fades as markets reassess Iran war supply risks
Oil prices briefly spiked to more than $100 a barrel on Monday amid the ongoing war in Iran, before falling sharply, underscoring how initial fears of supply disruptions eased as contingency plans emerged.Before the outbreak of war with Iran, oil was trading in the range of $60 to $70 a barrel, but prices soared after the conflict began, with crude oil futures reaching upward of $115 a barrel on Monday – the highest level since 2022 when Russia …
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Total News Sources2
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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