Oil heads to weekly loss as market sees limited risk of wider war after Israel strike on Iran
Publishing timestamp: 2024-04-19 13:55:12
Summary
Oil prices turned lower after brief spike on reports of explosions near Isfahan, Iran. Market sentiment shifted from fear to relief as Israel's retaliatory strike was limited. Concerns remain about potential disruptions in the oil market due to escalating tensions between Israel and Iran.
Sentiment: MIXED
Keywords: foreign policy, business news, isfahan, wti crude (mar'23), united states, ice brent crude (apr'23), breaking news: markets, iran, israel, government and politics, joe biden,
Source: https://www.cnbc.com/2024/04/19/oil-prices-jump-3percent-on-reports-of-explosions-in-iran.html