Commodities
Home›Commodities›Energy›Oil prices rise after U.S.-Iran tensions drive a volat…
Oil prices rise after U.S.-Iran tensions drive a volatile pullback
Brent for November delivery was up 1.7% to $106.09 per barrel, while WTI for the same session gained 0.9% to $93.29.
Oil rebounded after a recent slide tied to fears of U.S.-Iran escalation, as diplomacy attempts produced mixed signals, according to OilPrice.
In early trading Monday, Brent crude for November delivery rose 1.70% to $106.09 per barrel at 4:30 p.m. ET.
WTI for the corresponding contract climbed 0.95% to $93.29 per barrel during the same period.
OilPrice also noted that speeches by leaders on both sides included threats as well as belligerent language, adding to the market volatility.
Latest closeWTI crude $92.44 ▼2.3%|Brent $97.47 ▼8.6%
← Newer storySpaceX could grow by letting rivals use its data centers for AIOlder story →9% mortgage rates look unlikely without higher yields and wider sprea…