It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
Irans Oil Industry after comments by President Biden. Welcome to business today, live from new york, i m ritika gupta. Share prices in the us have been searching after great news regarding the us economy. The strike on the East Coast ports has also been suspended. It is not all positive news, though. Oil markets are still reeling from a comment by President Biden on thursday that the White House is discussing whether to support an attack by israel on Irans Oil facilities. This is how one of the key benchmarks Brent Crude was trading in the last 15 minutes if it stays at these levels it will be up around 10 per cent this week. One Oil Market Watcher told us he is astounded by the president s comment. In over 15 years of covering the energy markets, reporting them and dare i say, trading on the markets as well, i have never seen anything. This is quite unprecedented. Whether its off the cuff or not, for a sitting us president , just a little over four weeks from the american president i
In the latest fighting, israel has bombed a building in central beirut. Both Israel And Hezbollah have reported a second day of intense fighting on the ground in southern lebanon. Oil prices jumped on tuesday over supply fears, with markets regAining ground as investors seemingly come to terms with the escalation in tensions. Lets have a quick look at the price of oil, once agAin today, more than a i once agAin today, more than a i increase, the price of oil just below 75 per barrel. It would look at the Share Markets in asia, its an interesting picture were seeing. Japan is seeing a bigjump, Over2 because of the yen has weakened significantly on anticipation of what might happen in the japanese Economy But Hong kong is down over 3 . Big profit taking going on in hong kong, over the last few days there we have seen rapid increases on these markets in response to chinese stimulus so chinese stocks have had a real rise in recent days. Today, profit taking going on there but elsewhere, as
Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5th and the ongoing Port Strike on the Eastern Seaboard as well as growing escalations and tensions in the Middle East. We say investors in markets should prepare for bouts of volatility ahead of a 20 rally also, that is a natural next step in terms of what might happen in markets. We are probably due for a period of pull back, but w