Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005.
Oil futures climbed Wednesday, with U.S. prices settling at their highest in more than two weeks as a blast at a Gaza City hospital raised tensions throughout the Middle East.
The oil price is “responding to the aggressive comments from Iran” and others after the apparent hospital bombing in Gaza, “which raise the potential for a possible loss of oil supply from some exporters,” said Michael Lynch, president at Strategic Energy & Economic Research. November West Texas Intermediate crude CLX23, +2.12% rose $1.66, or 1.9%, to settle at $88.32 a barrel on the New York Mercantile Exchange, the highest front-month finish since Oct.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. allies in the Middle East try to stake out a middle groundThe Palestinian cause was fading in many Arab countries. The Israel-Hamas war has reignited it.
Consulte Mais informação »
WTI Price Analysis: Approaches 61.8% Fibo retracement around $89.00 amid Middle East tensionsWest Texas Intermediate (WTI), futures on NYMEX, strengthened after the blast at the Gaza hospital in which around 500 civilians were killed provoked
Consulte Mais informação »
Gold Price Forecast: Middle East conflict is posing a considerable upside riskIn the wake of the developments in the Middle East, the Gold price has recently risen significantly and recovered its losses from the end of September
Consulte Mais informação »
Silver Price Analysis: XAG/USD stabilizes above $23 as Middle East conflicts strengthen safe-haven betSilver price (XAG/USD) shifts auction above the crucial resistance of $23.00, which has turned into support for bulls. The white metal strengthens as
Consulte Mais informação »
Gold price rises to 11-week high on escalating Middle East conflictNo 1 source of global mining news and opinion
Consulte Mais informação »
Gold Price Forecast: XAU/USD moves upward toward $1,950 on Middle-East conflictGold price continues to gain ground, trading higher around $1,940 per troy ounce during the Asian session on Wednesday. The rising geopolitical tensio
Consulte Mais informação »