Oil news and market movers: No room for easing
- Oil prices could rally further if there's any response by Israel to Iran's October 1 missile attack that targets Oil-related infrastructure. Further retaliation by Iran based on a blockade of the Strait of Hormuz could raise the price of crude to north of $100 a barrel, Bloomberg Intelligence reports.
- A spillover effect is taking place in petrol prices as Israel ponders a hit on Iranian Oil fields, Financial Review reports.
- US President Joe Biden said on Thursday that he was still discussing possible Israeli strikes on Iranian Oil facilities. The President refused to comment on whether he agrees with the path forward that Israel is asking, according to BBC.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.