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The Iraqi foreign minister warned on Saturday that the Strait of Hormuz might be closed due to the Israel-Iran confrontation.
Wednesday closed up +3.17 (+4.88%), and July RBOB gasoline (RBN25) closed up +0.0788 (+3.77%). Crude oil and gasoline prices ...
Israel launched military strikes against Iran's nuclear facilities, leading to a significant surge in global oil prices and increased geopolitical uncertainty.
Tensions at the Strait of Hormuz risk 20M bpd in crude oil flow, fueling a sharp rally in oil futures and boosting market ...
Oil prices jumped as much as 13% after Israel launched strikes against Iran in major Middle East conflict escalation ...
SHALE oil production in the United States is projected to decline starting next year. From its peak of 13.5 million barrels ...
a vital shipping route for oil, is located near this region. Although the price spike initially seemed to reflect these geopolitical risks, analysts believed the surge might have been overdone.
U.S. oil benchmark prices climbed roughly 7% to about $73 a barrel, the highest level since early April. U.S. government ...
Some of the world’s largest oilfields, including in Saudi Arabia and Iraq, are also within ... to help keep prices in check. If the oil price surge is prolonged or supplies are disrupted from ...
From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Crude prices surged to their highs Wednesday afternoon when Reuters reported that the US embassy in Iraq ...
Oil prices jumped over 8% Thursday night following Israel’s military strikes on Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate ( CL=F) rose to nearly $74 ...