OppHub America Desk · · Source: oilprice-main
Oil Prices Bounce Back Following Reports of U.S. Strikes on Iran
Energy & climate policy: Lease, export, , and subsidy shifts move energy equities fast.
Based on reporting from oilprice-main.
After shedding 7% yesterday, crude oil prices inched up earlier today following a Wall Street Journal report about a U.S. Brent crude traded at $105.26 per barrel at the time of writing, and West Texas Intermediate traded at $97.07 per barrel, after the WSJ cited unnamed U.S.
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After shedding 7% yesterday, crude oil prices inched up earlier today following a Wall Street Journal report about a U.S. Brent crude traded at $105.26 per barrel at the time of writing, and West Texas Intermediate traded at $97.07 per barrel, after the WSJ cited unnamed U.S. officials as saying Iran’s Qeshm Island became a target in what they said was the latest in a series of “ limited strikes Washington has secretly carried out” over the past few weeks on Iran. The report counters earlier media coverage about continued diplomatic efforts to end the war that has caused the most severe disruption in global oil and gas supply in history. It also goes against coverage indicating President Trump was not determined to resume strikes on Iran.
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Based on reporting from oilprice-main.
Informational and educational only — not investment, financial, or legal advice. Disclosure
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