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$30.83
-0.490 (-1.56%)
At Close: May 10, 2024
Investors can't seem to get enough of commodities or the companies that mine them lately. That's no surprise given the bullish news on the geopolitical, inflation, and supply/demand fronts.
Crude oil continues to see a lot of noise, as this past week has shown itself to be more of the same in the oil markets.
International Monetary Fund First Managing Director Gita Gopinath warned that a further escalation of conflict in the Middle East could provoke a spike in global oil prices. Gopinath said, “yes, we
Clayton Allen of Rapidan Energy Group discusses geopolitical risk in the Middle East and its potential impact on oil prices.
U.S. stock futures were little changed in premarket trading on Friday as oil prices retreated from an overnight spike following Israel's retaliatory attack on Iran.
Oil prices fluctuated on Friday, briefly spiking as much as 3% after Israel hit back at Iran in a retaliatory strike, further heightening tensions in the Middle East. Brent crude prices briefly reache
The strikes jolted prices for stocks, bonds, currencies and commodities, but the moves quickly abated as the limited scope of the assault became clear.
Viktor Shvets of Macquarie Capital says "risk is everywhere", and policy makers and central banks will look through risks and supply side disruptions.
Oil prices surged then dropped as the market cautiously monitors geopolitical risks, with high inventories keeping the short-term outlook bearish.
Israel's strike on Iran caused oil prices to spike, sparking fears of rising inflation. But US inflation is more impacted by strong domestic demand than by oil prices, an economist told Bloomberg TV.
Oil spikes above $90 a barrel early Friday before pulling back as markets grapple with the aftermath of Israel's retaliatory strikes against Iran.
Oil pared an earlier jump, after Iranian media appeared to downplay alleged retaliatory strikes from Israel reported by US officials. Brent crude traded about 2% higher after earlier soaring above $9
Investors weighing the impact of the latest Middle East escalations on oil need to separate the near-term from the fundamentals, says FGE Founder and Chairman Fereidun Fesharaki. He discusses crude's
Amid escalating Middle East tensions, natural gas prices modestly increased to $1.9550, suggesting a cautious market reaction to geopolitical uncertainties
Samy Chaar, Lombard Odier, Chief Economist, discusses market impact of Israel's retaliatory attack on Iran. He speaks with Vonnie Quinn and Jennifer Zabasajja on Bloomberg Daybreak: Middle East & Afri
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