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What's next for oil and gas prices
Oil settles up, biggest weekly gains in over a year on Middle East war risk
Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities.
What's next for oil and gas prices as Middle East tensions heat up?
Oil prices rose than $6 per barrel (5.47 euros) this week and prices at the pump moved higher as well. The average price for a gallon of gas rose 5 cents from last week. Any major escalation of tensions in the Middle East conjures up memories of the oil embargo that followed the start of the Yom Kippur war in 1973, which quadrupled oil prices.
Oil Price Spikes From Middle East Conflict Get Noticed on Wall Street
Wall Street has taken notice — share prices for companies in oil, gas, and drilling have moved higher with crude prices. The S&P 500 has dropped nearly one percent in that stretch. The energy sector within that index has rallied nearly 7 percent.
1d
$100 oil could be the October surprise no one wanted
At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...
14h
on MSN
Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
Fifteen miles off Iran's northwestern coast, the Kharg Island terminal handles more than 90% of the country's crude exports.
1d
Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
A calm 2024 for petroleum prices has given way to bets that a spike in energy prices could follow.
11h
Biden says he would weigh alternatives to striking Iranian oil if he were in Israel's shoes
President Joe Biden said on Friday he would think about alternatives to striking Iranian oil fields if he were in Israel's ...
7h
on MSN
Supreme Court allows EPA to enforce methane rule for oil, gas facilities for now
States and industry groups had asked the Supreme Court to pause the EPA's rule that aims to curb emissions of methane from ...
10h
Oil Prices Jumped at Steepest Weekly Rate in 18 Months
Oil prices' steepest weekly rise since March 2023 began when Iran's historic missile strike on Israel Tuesday rekindled fears ...
1d
Oil Prices Jump After Biden Says ‘Discussing’ Israeli Strike on Iranian Facilities
The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the ...
1d
Oil price rise comes at a critical point
Asked on a visit if he would support Israel striking Iran’s oil facilities, Biden said: “We’re discussing that”, according to ...
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