Oil Prices Climb After U.S. Strikes on Iran

Oil Prices Climb After U.S. Strikes on Iran

The price for a barrel of benchmark U.S. crude oil rose 1.2% to $89.76.

Oil Prices Climb and Stocks Fall After U.S. Strikes Iranian Drones

Oil prices jumped after the U.S. said it shot down four Iranian attack drones, casting doubt once again on the prospects for a peace deal.

Oil Prices Surge As New U.S. Strikes On Iran Reignite Escalation Fears

WTI and Brent crude prices spiked sharply in early Asian trading on Thursday following reports of fresh U.S. military strikes on Iranian targets. Reports of the strikes stoked fears that recent peace talks could collapse and give way to a broader escalation in the conflict. West Texas Intermediate (WTI) was trading at $90.51 per barrel at the time of the report, representing a gain of 2.06% on the session. Brent crude climbed 2.17% to trade at $…

CHOCHILINO Crude Oil Prices Supported as Strait of Hormuz Remains Closed %

July WTI crude oil (CLN26) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26) is up +0.0168 (+0.55%).  Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said it responded to Iranian missile and drone threats.   Prices gave back most of their gains after Axios reported that the US and Iran reached a deal to extend the ce…

Oil Price Forecast — Brent ($97), WTI ($90) Rebound on Fresh Hormuz Strikes — Deal Hopes Cap Gains as Deficit Deepens

Brent crude (BRN) climbed toward $97 a barrel on Thursday, rebounding from the previous session’s steep losses as renewed hostilities between the United States and Iran weakened expectations for a near-term peace agreement, while U.S. West Texas Intermediate (CL) recovered toward the $90–$92 zone after sinking 5.55% to settle near $88.68 on Wednesday. The catalyst for the bounce was a flurry of overnight military developments: U.S. forces report…

U.S.-Iran Strikes Push Oil Higher After Brief Price Drop - Mansfield Energy

Oil prices moved higher as the Iran war continued to inject uncertainty into global energy markets. After falling more than 5% yesterday on hopes that a U.S.-Iran deal could bring the conflict closer to an end, crude prices reversed course after both sides traded new military strikes. At today’s opening price, Brent rose about 3% to $97.14 per barrel, while WTI climbed 3.1% to $91.44 per barrel. The latest move came after Iran’s Revolutionary Gu…