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Market Impact: 0.62
Crude Oil Prices Surge on Possible Escalation of US-Iran War
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsCommodity Futures
November WTI crude rose $2.45, or 2.71%, while November RBOB gasoline surged $0.1421, or 4.36%, on Thursday. Prices were supported by deadlocked U.S.-Iran talks to end the war, sustaining concerns that disruption risks to transit through the Strait of Hormuz will constrain oil supplies.
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