TL;DR CNBC

Oil prices fall more than 1% after Israel fends off large-scale aerial attack by Iran

Publishing timestamp: 2024-04-15 12:44:42

Summary

Iran launched a large-scale attack on Israel, but most missiles and drones were shot down. The crude oil market is now waiting to see how Israel will respond. U.S. crude oil futures were lower as traders breathed a sigh of relief. Biden emphasized the desire to avoid wider war in the Middle East.

Sentiment: MIXED

Tickers: @CL.1,  @LCO.1, 

Keywords: joe biden,  investment strategy,  iran,  wti crude (mar'23),  ice brent crude (apr'23),  oil and gas,  israel,  united states,  business news,  breaking news: markets,  government and politics,  markets,  foreign policy, 

Source: https://www.cnbc.com/2024/04/14/oil-prices-are-set-to-rise-as-market-braces-for-israel-response-to-irans-missile-and-drone-barrage.html