Oil prices near multi-month highs amid Iran tensions
after close1 source ↓written by the desknot a recommendation
- this month
- 16%
- per barrel
- $70.50
- has gained
- 14%
- trading
- $65.03
Oil prices are nearing multi-month highs as tensions escalate over a potential U.S. strike on Iran. Brent crude is up 16% this month, reaching $70.50 per barrel, while WTI has gained 14%, trading at $65.03. This surge reflects concerns over supply disruptions from a major OPEC producer. ⚡
Both benchmarks are on track for their largest monthly gains in years, indicating heightened market volatility and potential trading opportunities for investors.
Not investment advice. For informational purposes only.