Oil prices rise after Iran threatens response to U.S. strikes
Brent crude futures rose 1.5 percent to $92.10 per barrel. WTI futures gained 0.9 percent to $85.23. The move followed Iranian statements threatening a response to recent U.S. strikes.
Topic cluster
volatile
11 sources grouped by AFBytes in Economy
AFBytes briefing
Rising crude prices increase costs at the pump and in manufacturing, directly affecting household transportation and goods prices.
Key entities
- Iran
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- Friday
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- Crude
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- Brent
- Donald J. Trump
What to watch next
- Track the next API crude inventory data and any Iranian official statements on export policy.
- Watch the next weekly EIA crude inventory report for confirmation of demand trends and price direction.
- Track weekly EIA inventory reports and any scheduled diplomatic updates for price signals.
- Monitor the next weekly EIA gasoline inventory and demand report for signs that lower crude prices are beginning to reach consumers.
- Monitor weekly EIA gasoline price reports and any follow-on diplomatic signals on Iranian oil exports for further price direction.
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