Oil Prices Settle Up Slightly On Iran Worries, But Prices Down For Week
Oil futures settled wednesday at their highest in two weeks, modestly extending a rally from a day earlier, as investors awaited israel's response to a massive missile barrage by. Global crude oil prices rose by more than 4% on wednesday, surging after president biden told reporters he was “discussing” the question of whether the u. s. Oil prices settle up slightly on iran worries, but prices down for week brent futures were up 29 cents, or 0. 4 percent , to settle at $73. 10 a barrel. The prospect of supply disruptions in the middle east as a result of rising geopolitical tensions continue to drive the risk premium in oil prices amid fears iran could. Oil prices edged up on friday (nov 1) on reports iran was preparing a retaliatory strike on israel from iraq in the coming days, but record us output weighed on prices.
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