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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.
Traders place bets for $100 crude as tensions rise in the Middle East
Options traders have been making bullish bets that oil could soon climb to $100 a barrel as tensions between Israel and Iran raised worries of a wider conflict in
2d
$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 ...
11h
Iran's oil minister 'not worried about crisis' amid Israeli threats
Iran's oil minister Mohsen Paknejad said on Saturday that he was "not worried" amid the escalating conflict in the region, ...
2d
on MSN
Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.
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.
Scientific American
11h
Challenging Big Oil’s Big Lie about Plastic Recycling
This legal action sets a precedent for other state attorneys general to follow. As the litigation piles up on big oil for ...
5h
on MSN
52-year-old worked 90-hour weeks in an oil refinery to save money for his business—now he's worth $9.5 billion
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
1d
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 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 ...
22h
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 ...
2d
on MSN
Oil Rise and Stronger U.S. Economy Causes Wall St Drift
Oil prices rise again as the world continues to wait to see how Israel will respond to Iran's missile attack on Tuesday.
1d
on MSN
Goldman Sachs says crude could spike by $20 on Iran oil shock
Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, said Goldman ...
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