The oil futures market experienced a boost on Friday, as prices continued to climb for the second consecutive week. This upward trend comes in the aftermath of the October 7th attack on Israel by Hamas, which ignited a war that now poses a substantial threat to the stability of the entire region. As tensions escalate, concerns over potential disruptions to the crude supply have … [Read more...] about Oil Futures Rise Amidst Rising Tensions in the Middle East
Oil futures
Oil Futures Trade Slightly Higher as Investors Await U.S. Supply Data and Inflation Update
Price Action West Texas Intermediate (WTI) crude for August delivery gained 52 cents, or 0.7%, to $73.51 per barrel on the New York Mercantile Exchange. September Brent crude gained 53 cents, or 0.7%, to $78.21 per barrel on ICE Futures Europe. August gasoline fell by 0.8% to $2.5929 a gallon, while August heating oil rose 1% to $2.594 per gallon. August natural gas rose 1.6% … [Read more...] about Oil Futures Trade Slightly Higher as Investors Await U.S. Supply Data and Inflation Update
