Brent Crude Surges to Six-Week High Above $97 Amid Iran Tensions

Escalating hostilities in the Middle East have driven Brent crude oil prices to their highest level in six weeks, surpassing $97 per barrel and triggering cautious trading in global futures markets.

7 Sept, 13:22 — 7 Sept, 13:22

Post Share

Sources

Showing 1 of 1 sources

zerohedgeLow22h ago

Futures Drop As Iran Hostilities Send Brent To 6 Week High Above $97

Futures Drop As Iran Hostilities Send Brent To 6 Week High Above $97 US stock futures slipped in cautious, low volume trading as the latest Middle East escalation pushed oil prices higher, lifting bond yields in Europe and Asia. As of 9:00am ET, S&P futures were down 0.2% with Nasdaq futures modestly in the red despite solid performance for tech stocks earlier in the session, which helped the Kospi surge more than 4.6% - its second biggest jump since the Situational Awareness ta...

By Tyler Durden

Read full article →

Brent Crude Surges to Six-Week High Above $97 Amid Iran Tensions

Sources

Futures Drop As Iran Hostilities Send Brent To 6 Week High Above $97

Related Stories

Analysts Say Stock Market Can Absorb a 25 Basis Point Fed Rate Hike

Goldman Sachs Raises Oil Price Outlook Amid Prolonged Middle East Disruptions

Iceland's 2027 budget raises mileage fees, tourist levies and bank tax

U.S. Gasoline Prices Hit Record High for Labor Day