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Oil Prices Surge As Iran Rejects US Truce Plan

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarCommodity Futures

Oil prices rose more than 3% on Thursday, reclaiming prior-session losses as concerns grow that a prolonged Middle East conflict could further disrupt supplies. The supply-risk-driven move increases near-term energy-market volatility and could add upside pressure to energy prices and inflation-sensitive assets.

Analysis

Oil prices rose more than 3% on Thursday, reclaiming prior-session losses as concerns grow that a prolonged Middle East conflict could further disrupt supplies. The supply-risk-driven move increases near-term energy-market volatility and could add upside pressure to energy prices and inflation-sensitive assets.

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Market Sentiment

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mildly positive

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