Crude oil prices started the week off higher.
Crude benchmarks ticked up on Monday, which is the one-year anniversary of Hamas' Oct. 7 strike on Israel.
Rising geopolitical risks may push natural gas and oil prices higher. See what's next for the energy sector in 2024.
Edward Bell, head of market economics at Emirates NBD, says that oil markets are trying to price in the 'worst-case scenario,' if energy infrastructure are targeted in the Mideast conflict.
Pavel Molchanov of Raymond James says there's limited upside to oil prices, but enumerates the scenarios that could still disrupt the markets.
Oil fell in early Asian trade. Sentiment will likely remain weak, given seasonal trends, while tensions in the Middle East will slightly offset this, ANZ said.
Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the Middle East.
Lucas Oil CEO Morgan Lucas discusses the impact of the Middle East conflict on oil, the demand for crude oil and automation being at the helm of the port worker strike.
With rising Middle East conflict, crude oil could see sharp price spikes. Analysts warn of a $20 jump if Iran's oil output is hit.
FOX Business contributor Phil Flynn reacts to rising oil prices amid Middle East tensions on 'The Bottom Line.'
Goldman Sachs said on Friday that it expects its Brent price forecast to peak $10-$20 per barrel in 2025 due to potential disruptions in Iranian production.
To get the latest market news check out finance.yahoo.com Oil was on pace for its biggest weekly increase in more than a year on Friday over concerns that Israel could target Iran's crude facilities in response to Tehran's recent missile assault. West Texas Intermediate (CL=F) rose more than 2% midday to hover above $75 per barrel.