Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Sharply Higher on a Possible Israeli Attack on Iranian Oil Facilities

Nov WTI crude oil (CLX24) Thursday closed up +3.61 (+5.15%), and Nov RBOB gasoline (RBX24) closed up +10.67 (+5.37%).

Crude oil and gasoline prices Thursday surged to 1-month highs on concern Israel may target Iran's oil industry in retaliation for Iran’s missile attack on Israel.  Crude prices also garnered support Thursday from US economic news, which showed that service sector activity expanded by the most in 19 months, a supportive factor for fuel demand.  Crude rallied sharply Thursday despite a jump in the dollar index (DXY00) to a 6-week high.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.