WTI crude oil reaches $100 per barrel amid geopolitical tensions
pre-market1 source ↓written by the desknot a recommendation
- to settle
- $5.16
- to settle
- $99.64
- per barrel
- $100
WTI crude oil surged $5.16 to settle at $99.64, briefly hitting $100 per barrel. This increase follows escalating geopolitical tensions, particularly after a US-Israeli strike on an Iranian steel plant. Iran has vowed retaliation, targeting several steel facilities across the region, including Kuwait Steel and Qatar Steel. ⚡
This volatility in oil and steel markets may impact trading strategies as investors assess the implications of ongoing conflicts and potential supply disruptions.
Not investment advice. For informational purposes only.