Sharp Oil Price Rise Imminent If Israel Strikes Iran – Report
The head of the commodity portfolio management group at Pacific Investment Management, Greg Sharenow, has said, oil prices are likely to remain at current
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The head of the commodity portfolio management group at Pacific Investment Management, Greg Sharenow, has said, oil prices are likely to remain at current
Brent crude rallied more than 2% to climb above $90 a barrel on Thursday after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate to any attack from Iran, despite the United States urging Israel to protect civilians.
An odd cocktail of factors is spurring the haven asset to records.
“A cut by Saudi Arabia has a lot more clout than purported cuts elsewhere — when they say they will do it, they really mean it.”