U.S. crude oil hovers above $83 after Iran says it will not escalate conflict with Israel
Publishing timestamp: 2024-04-22 11:39:03
Summary
Iranian Foreign Minister says country will not respond to Israel's strike, oil prices edge lower, market focuses on supply and demand fundamentals. Citi upgrades energy sector due to geopolitical tensions. Bank of America discusses scenarios for Israel-Iran conflict and its impact on oil market.
Sentiment: NEUTRAL
Keywords: oil and gas, breaking news: markets, wti crude (mar'23), markets, investment strategy, ice brent crude (apr'23), business news,