Oil Prices Rally After Hamas Attack Alters Geopolitical Risk Premium
Oil prices regained some of last week’s losses after Hamas attacked Israel over the weekend, leading Netanyahu to declare war on the group.
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Oil prices regained some of last week’s losses after Hamas attacked Israel over the weekend, leading Netanyahu to declare war on the group.
0059 GMT — Gold is steady in early Asian trade. However, given the market’s positioning, technical and energy-price pressures, it wouldn’t be surprising for…
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.
Brent crude futures breached $97 a barrel, and was trading up $2.55 to $96.51 a barrel by 11:40 a.m. ET (1540 GMT). U.S. West Texas Intermediate crude futures (WTI) climbed $3.16 to $93.54. Both benchmarks touched their highest in intraday trading for this year.
HOUSTON: Oil prices surged about 3% on Wednesday, after US crude stocks fell more than expected, adding to worries...