Crude oil futures continue to rise as Israeli Prime Minister suggests retaliation, increasing supply concerns.
October 2, 2024 14:52 JST (excerpt)
Crude oil futures prices are rising in Asian afternoon trading on the 2nd. Following Iran's launch of approximately 200 ballistic missiles to Israel, Prime Minister Netanyahu has hinted at retaliation, further jeopardizing crude oil supply from the Middle East.
North Sea Brent futures rose to over $74 per barrel. At one point, there was an increase of more than 5%. West Texas Intermediate (WTI) on the New York Mercantile Exchange (NYMEX) approached $71, but has not yet reached the previous day's high.
Crude oil futures prices are rising in Asian afternoon trading on the 2nd. Following Iran's launch of approximately 200 ballistic missiles to Israel, Prime Minister Netanyahu has hinted at retaliation, further jeopardizing crude oil supply from the Middle East.
North Sea Brent futures rose to over $74 per barrel. At one point, there was an increase of more than 5%. West Texas Intermediate (WTI) on the New York Mercantile Exchange (NYMEX) approached $71, but has not yet reached the previous day's high.
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