Oil futures climb on renewed Iran-Israel tensions, with traders eyeing a potential $73 target. Geopolitical risks and OPEC+ production delays fuel bullish sentiment.
Oil futures rose Friday, finding support after a news report said Iran may be planning a major strike on Israel, which would continue a spiral of retaliatory actions between the two countries that could threaten crude flows from the Middle East.
Geopolitical tensions and OPEC+ delays drive oil and natural gas prices higher. Read our latest analysis on how these factors impact energy markets.
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in Middle East benchmark Dubai, trade sources said.
Oil prices rose amid heightened conflicts in the Middle East.
Crude oil gains for a second day, heading towards critical resistance levels that could redefine short-term trend.
The crude oil market continues to see a bit of support just below, and Thursday was no different. This is a market that will continue to be erratic, but as we are near the bottom of the two year range, it makes sense that people are going to start trying
Oil futures were on track to end a rocky October on a positive note.
Oil prices rise on strong U.S. fuel demand and possible OPEC+ output delay, with key technical levels signaling potential gains for crude.
Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices.
OPEC+ may delay planned output hikes, fueling a bullish sentiment in natural gas and oil markets as demand shows signs of strength.
Oil rose in early Asian trade. Prices were significantly affected by recent geopolitical tensions in Israel and Lebanon, says Rania Gule, analyst at XS.com.