Oil prices rose on Friday, tracking toward a sharp weekly gain as escalating Middle East tensions intensify the U.S.-Iran confrontation over control of the Strait of Hormuz. The risk of disruption to a key global shipping chokepoint is supporting crude prices and adding downside risk to broader risk sentiment.
Oil prices rose on Friday, tracking toward a sharp weekly gain as escalating Middle East tensions intensify the U.S.-Iran confrontation over control of the Strait of Hormuz. The risk of disruption to a key global shipping chokepoint is supporting crude prices and adding downside risk to broader risk sentiment.
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mildly negative
Sentiment Score
-0.25
