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Oil Prices Could Spike as U.S. Action on Iran Nears: Rapidan Energy

Summary by CNBC
Bob McNally predicts that both Brent and West Texas Intermediate futures will jump above $100.

7 Articles

Center

Shafaq News - Follow-up: Global oil prices rose on Thursday evening as investors reassessed the prospects of a US war with Iran, amid concerns about crude supplies following new attacks on oil tankers in the Middle East. Futures prices for the two benchmark crudes saw significant gains, with Brent crude for January delivery rising 3.9% to $98.29 a barrel. West Texas Intermediate (WTI) crude futures for December 2026 delivery also increased by 2.…

·Iraq
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Center

Oil prices rise more than three percent after Wednesday's big drop, and a new escalation of the Iran war could send the price significantly higher, warns research firm

·Copenhagen, Denmark
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Lean Left

Oil prices rose to $97 on international markets as traders wavered on estimates of a possible imminent end to the US war against Iran, which would pave the way for the normalization of supplies from the Persian Gulf region.

·Zagreb, Croatia
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Bob McNally of Rapidan Energy told CNBC that Brent and WTI can exceed $100 with the possible resumption of U.S. military action against Iran

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Oil traders confused by Trump's statements about Iran: Prices rise again - Oil prices rose again on international markets

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IndexHR broke the news in Zagreb, Croatia on Thursday, November 5, 2026.
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