Oil gave up the previous day’s gains as swelling U.S. stockpiles overshadowed the possibility of an attack on Israel by Iran or its proxies.
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Oil price news: Oil trades near US$85 as U.S. stockpiles reach highest since JulyOil teetered near little changed, recovering from a two-day decline as traders weighed hotter-than-expected U.S. inflation figures and rising American inventories.
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Oil hits US$85 for first time since October as market tightensU.S. crude futures hit US$85 a barrel in New York for the first time since October, as OPEC+ supply cuts underpin a steadily strengthening market.
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Oil price news: Oil prices pop higher as U.S. sees imminent strike on IsraelOil reversed earlier losses and quickly moved higher after it was reported that the U.S. and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent.
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Oil price news: Oil rally takes breather with Israel to pull some Gaza troopsOil declined from a five-month high after Israel said it would remove some troops from Gaza, helping to cool some of the previous week’s geopolitics-led gains.
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Oil price news: Oil swings near US$86 as swelling stockpiles overshadow Iran riskOil gave up much of the previous day’s gains as swelling U.S. stockpiles temporarily overshadowed the possibility of an attack on Israel by Iran or its proxies.
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Israel threatens to strike Iran directly if Iran launches attack from its territoryIsrael's foreign minister threatened Wednesday that his country's forces would strike Iran directly if the Islamic Republic launched an attack from its territory against Israel, as tensions between the rival powers flare following the killings of Iranian generals in a blast at the Iranian consulate in Syria.
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