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What's next for oil and gas prices
What's next for oil and gas prices as Middle East tensions heat up?
Oil prices rose than $6 per barrel (5.47 euros) this week and prices at the pump moved higher as well. The average price for a gallon of gas rose 5 cents from last week. Any major escalation of tensions in the Middle East conjures up memories of the oil embargo that followed the start of the Yom Kippur war in 1973, which quadrupled oil prices.
Oil settles up, biggest weekly gains in over a year on Middle East war risk
Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities.
Oil Price Spikes From Middle East Conflict Get Noticed on Wall Street
Intensifying tensions between Iran and Israel that threatens oil inventory in Iran; Houthi rebel attacks in the Red Sea that could limit oil supply and deliveries; Since markets a
Israel, Oil and Iran
Oil Jumps After Biden Comments on Israel Retaliation
Oil surged as the market braced for the possibility that Israel's retaliation against Iran includes strikes on the country's oil industry.
Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
A calm 2024 for petroleum prices has given way to bets that a spike in energy prices could follow.
Why the Conflict Between Iran and Israel Has Raised Oil Prices Only Modestly
The fighting is increasing fears about oil supplies, but those worries are offset by greater global production and slowing demand in China.
1h
on MSN
Oil prices set for big weekly gain as traders await Israel’s response to Iranian missile attack
Oil futures headed higher on Friday, with Brent prices on track to post a gain of more than 9% for the week, as tensions in ...
50m
Oil Prices Jumped at Steepest Weekly Rate in 18 Months
Oil prices' steepest weekly rise since March 2023 began when Iran's historic missile strike on Israel Tuesday rekindled fears ...
5h
Oil prices climb with Israel considering strikes on Iranian oil facilities
As the Middle East waits to see how Israel will respond to Tuesday's massive missile attack by Iran, oil prices have risen ...
22h
on MSN
From missile batteries to oil refineries to nuclear labs, Israel could hit a wide range of targets in Iran
Israel has refueling tankers for its attack planes, surveillance drones and sophisticated F-35 fighter jets, theoretically ...
1d
Oil prices end higher, but off session highs, after Iranian missile attack on Israel
Oil futures settled at a one-week high on Tuesday after the Israel Defense Forces said Iran launched a missile attack on ...
20h
Opec sticks to plans as oil prices surge after Iran's missile attack on Israel
Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to ...
1d
Biden ‘discussing’ Israel blowing up Iran’s oil — causing global spike in crude prices
WASHINGTON — President Biden said Thursday that the US is “discussing” the possibility of Israel bombing Iranian oil ...
E&E
10h
Israel could bomb Iran’s oil. Energy markets are noting it but not panicking.
President Joe Biden’s remarks about a possible Israeli strike on Iran’s oil facilities caused a jolt Thursday. But the ...
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