Brent crude oil rises above $80 as Middle East war fears intensify ...Middle East

forex live - News
Brent crude oil rises above $80 as Middle East war fears intensify
The reports are continuing of an 'imminent' Israel attack on Iran and no one is willing to fade oil until it's clear what is being hit. In all likelihood there will be a further spike if/when the strikes start followed by a 'sell the fact' trade so long as the damage to export facilities isn't catastrophic.Also keep in mind that if refineries are struck, that could actually lead to more exports as oil is sent out of the country instead of processed locally.Of course, there are second-order implications to consider as well along with the possibility that Iran could strike back at Israel or deliver on its promise to hit oil production elsewhere in the Middle East. This article

Hence then, the article about brent crude oil rises above 80 as middle east war fears intensify was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Brent crude oil rises above $80 as Middle East war fears intensify )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News