U.S. crude oil breaks $86 as tensions mount between Israel and Iran
Crude oil futures surged on Thursday, bouncing back from earlier losses, as tensions in the Middle East escalated.
West Texas Intermediate crude for May delivery rose by $1.16 to settle at $86.59 per barrel, while Brent for June delivery climbed $1.30 to $90.65 per barrel, marking their highest settlement prices since October 20.
Reports of heightened tensions between Israel and Iran, with Israeli embassies on high alert and the cancellation of home leave for combat troops, contributed to the rise in oil prices.
Additionally, President Biden warned Israeli Prime Minister Benjamin Netanyahu about strikes on aid workers in Gaza, stressing the importance of addressing humanitarian concerns.
The increase in oil prices this year, with U.S. crude up by nearly 21% and Brent up by 18%, has been fueled by geopolitical tensions in the Middle East and Eastern Europe, along with a tightening global crude market, CNBC reported.
READ MORE: https://www.cnbc.com/2024/04/04/us-crude-oil-hovers-around-85-as-traders-take-stock-of-rally.html
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Subscribe To The Apocalypse Watch App
https://newapocalypsewatch.com
-
1:24
B.C. Begley
1 month agoOil tumbles nearly 2% as Middle East tensions ease
40 -
34:33
WatchmanRiver
1 month agoIsrael, Iran and the HUGE Escalation!
7576 -
8:30
Vigilant News Network
1 month agoIran vs. Israel: Is America Doomed to Be Pulled into Another Regional War?
1.82K4 -
54:33
theappearance
1 month agoU.S. Military: Israel Launches Missile Strkes Into Iran
396 -
10:31
RogerLeads2020
1 month agoIran - Oil Prices Going Up - Who Profits From War - Council with Christ - God Wins - 4-120-24
13 -
28:53
NORTHAMERICANNEWS01
1 month ago⚡ALERT: PEOPLE ARE PANIC BUYING, ISRAEL IS STARTING A NUCLEAR WAR WITH IRAN! OIL AND GOLD EXPLODING
206 -
20:01
EndofDaysSurvival
1 month agoBlack Swan Monday: Iran preps to attack Israel, Strait of Hormuz could be shut driving oil over $100
1741 -
20:14
Russell Meyers For President 2024
1 month agoIran, Ukraine, Oil, Gas, Inflation and You
4 -
16:02
EndofDaysSurvival
1 month agoIsrael could debut deadly 'EMP bombs' that destroy electricity if Iran launches attack in hours!
147 -
7:35
GeopoliticalTrends
24 days agoIran Exposed the US/Israel's Declining Role in the New Middle East’s Geopolitical Landscape!
246