Oil prices rise as US considers Iran strike options
pre-market1 source ↓machine-written, see hownot a recommendation
- per barrel
- $101
- earlier
- $99
- also traded near
- $89
Oil prices surged on 8 Oct 2023, with Brent crude climbing above $101 per barrel amid reports that the White House requested the Pentagon to prepare military strike options against Iran before the midterm elections. This follows a brief dip below $99 earlier in the week. The US West Texas Intermediate also traded near $89.
The potential escalation in tensions could lead to further volatility in oil markets, impacting traders' strategies ahead of the elections.
Not investment advice. For informational purposes only.