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Market Impact: 0.35
Crude Prices Jump as the US and Iran Exchange Attacks
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
October WTI crude oil is up $1.82 (+2.18%) to a 1-week high, while October RBOB gasoline is up $0.0122 (+0.40%). The move is attributed to renewed Middle East tensions, lifting energy risk premia. Overall, the price action is likely to be a near-term tailwind for energy-linked equities but not yet market-wide.
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