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Crude Oil Apr 30 (CLJ30.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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52.80-5.76 (-9.84%)
As of 01:14PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2030-03-20
Last price58.56
Day's range52.80 - 52.80
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    Oil prices rise as Israel prepares for possible Iranian attack

    Oil (CL=F, BZ=F) prices are rising amid escalating tensions in the Middle East. Ines Ferré joins Market Domination to explain the spike in prices, noting a report that Israel is preparing for an Iranian attack. In February, Iran produced roughly 3.2 million barrels of oil per day, according to the US Energy Information Administration; any interruption to that output would cause a temporary spike in the cost of oil.  Ferré adds that analysts foresee a path in which oil hits the $100 benchmark, but anticipate that OPEC would step in with temporary capacity to avoid losing market share to the US.  For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy.

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    Oil surges to highest level since October on escalating Middle East tensions

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