US Edition
Iran: Oil Prices Surge to Two-Year High of Above $90 as Qatar Issues Fresh Warning
Brent crude prices surged 23% since late February due to U.S.-Israeli strikes on Iran and Tehran's missile retaliation against Gulf allies, raising global market tensions.
- On Friday, ICE Brent crude for May delivery peaked at $91.89, and NYMEX WTI reached $89.62 after $87.80, with the Brent‑WTI spread narrowing to $2.27.
- U.S. and Israeli air raids struck Iran for a sixth straight day, and Tehran responded with missile and drone attacks at Gulf neighbours, boosting the global crude benchmark to $90.60.
- RBOB and ULSD futures climbed sharply as front-month contracts re-priced near-term tightness, with diesel reaching near 3½-year peaks and the April-May contract spread widening to nearly $4.
- For this month alone, the U.S. crude benchmark has risen 30% and the April-May contract spread widened to nearly $6, reflecting tight near-term supply.
- The U.S. Treasury's Office of Foreign Assets Control issued General License 133 on March 4 allowing sale and delivery of Russian-origin petroleum loaded by March 5, specifically for India.
26 Articles
26 Articles
Benzinga Bulls And Bears: Costco, Plug Power, Berkshire — And Oil Prices Rise As Iran War Continues Benzinga Bulls And Bears: Costco, Plug Power, Berkshire — And Oil Prices Rise As Iran War Continues - Webull (NASDAQ:BULL), Costco Wholesale (NASDAQ:COST)
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
Iran: Oil prices surge to two-year high of above $90 as Qatar issues fresh warning
Crude oil prices surged to a two-year high of above $90 per barrel on Saturday after Qatar’s energy minister warned he expects all oil and gas exporters in the Middle East to stop production within days. A check by DAILY POST on oil prices as of Saturday morning showed that Brent crude rose to approximately $93 per barrel, while West Texas Intermediate stood at $91 per barrel. This means that Brent rose by 9 percent, the highest level since autu…
Brent type oil (world reference) with winning in May jump 8.52% and WTI (American reference) with expected delivery for April scaled 12.21%
Trump's promise to continue the war until Iran's "capitulation" increases the risk of a long confit.
Black gold prices continue to jump on Friday, doped by the risks to oil supply in the Middle East after Trump's promise to continue the war until Iran's "total capitulation" ...
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
