US Edition
U.S. Oil Futures Close Above $100 for the First Time Since 2022
- U.S. oil futures closed above $100 a barrel for the first time since 2022, with Brent crude reaching $116.5 a barrel due to rising tensions in the Middle East following statements by U.S. President Donald Trump.
- Trump expressed intentions to seize Iranian oil assets, comparing the potential move to U.S. actions in Venezuela, which stirred market concerns.
- Diplomatic efforts involve Pakistan, Saudi Arabia, Egypt, and Turkey seeking to end the conflict, while fighting risks increasing as Iran-backed forces join the war.
- The escalation of conflict in the region has pushed crude prices up significantly, reflecting fears of further instability in key oil shipping routes.
11 Articles
11 Articles
Brent oil (the world reference) with winning in May was higher than 0.18% and WTI (the American reference) with expected delivery for the same month increased by 3.25%
US oil settles above $100 for first time since 2022 after Trump says he wants to ‘take the oil’ in Iran and Houthis join war
Oil prices rose Monday, with US crude oil settling above $100 per barrel for the first time since July 2022, after comments by President Donald Trump and strikes against Israel by Iran-backed Houthi rebels deepened fears that the Middle East conflict may escalate further.
US Crude Oil Settles Above $100 for First Time Since 2022
US oil prices ended Monday’s session above $100 a barrel for the first time since the US and Israel launched a war against Iran, with President Donald Trump threatening further escalation of attacks, including on critical energy infrastructure.
New York.- Wall Street closed mixed this Monday, with the Dow Jones of Industriales rising by 0.11%, after the rise of the oil WTI above 100 dollars a barrel for the first time since 2022. At the end of the day, the Dow Jones won 49 points, up to 45,216; the S&P 500 lost 0.39%, up to 6.343; and the technology Nasdaq dropped 0.73%, up to 20,794. The New York Stock Exchange began the session with signs of recovery, after closing last week in corre…
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