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Analysts at JPMorgan warned earlier this week that an all-out conflict between Israel and Iran, one of the world's largest oil producers, could send oil prices above $100 for the first time since ...
Iran’s oil ministry confirmed that the Shahran fuel depot, located in an affluent neighborhood of northern Tehran, was struck, igniting a massive fire that consumed at least 11 storage tanks.
While no one was paying attention, crude oil prices quietly fell by over 11% since the beginning of August. You can only ...
Crude oil prices initially soared by +11% after news that Israel launched a major military strike on Iran, although prices have since fallen back and are currently up about +6%.
A potential US-Iran uranium deal could ease oil price spikes and drive prices below $50/barrel. Read more on the implications of such a deal in my analysis.
The strongest action was in the oil market, where the price of a barrel of benchmark U.S. crude jumped 7.3% to $72.98. Brent crude, the international standard, rose 7% to $74.23 for a barrel.
Oil prices have already climbed about 10% since Israel launched its attack on Iran a week ago, but both U.S. crude oil and the global benchmark Brent have remained below $80 per barrel.
The U.S. has sanctioned a Greek shipping entrepreneur, his fleet, and two Chinese oil terminals in a bid to disrupt Iran’s ...
Oil companies generally are plotting investment decisions in the U.S. based on long-term price forecasts — not the temporary spike spurred by the attacks on Iran and the fear of supply ...