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Market Impact: 0.48
Crude Oil Prices Soar on Fears US-Iran War to Persist
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsCommodity Futures
October WTI crude gained $5.67, or 5.90%, to a 3.5-month high, while October RBOB gasoline rose $0.1572, or 4.90%, to a two-week high. The sharp rally signals materially stronger near-term energy-price momentum and could support oil-and-gas producer equities while increasing fuel-cost pressures for consumers and transport-sensitive sectors.
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