Oil prices jump as US and Iran pause strikes, ASX futures point up
CommSec’s Gillian Bowen discussed the ongoing impact of tensions in the Middle East on market performance.
“It’s no surprise that the Middle East conflict will continue to play on the minds of investors … the tit for tat continuing over the weekend,” Ms Bowen told Sky News Australia.
“The US and Iran have reportedly agreed to stop attacking each other ahead of peace talks resuming. The key point here is the Strait of Hormuz and the supply of oil.
“Brent Crude reopened in regards to trading at 8am Sydney time, it jumped 1.9 per cent at the open to take Brent Crude back over $72 US a barrel.
“US futures have resumed after the weekend’s developments this morning, and they are firmer.
“The ASX200 futures are also pointing to a positive open for us as well, up 0.2 per cent.”
Presented by CommSec.
37 Comments
It's not up it's down
Off topic question, why is Sky News shadow banning One Nation supporters?
We need this war get rid of regime,,no more terrorists for isreal,,usa power 👊
Misinformation. Gas has dropped to $3.40 here. It's not up. It's down
It’s $69 a barrel
I think Iran is literally the dumbest country that’s ever existed
Where. Is. Lefties. Losing it. ?
Just NUKE EM
Maybe we should bomb you next😂😂😂
$1usd is 1.43 suck it
I have heard President Trump as well as prior US Presidents brag that U.S. oil Reserves were stupendous. Yet, at the mere mention of issues, the greedy bastards controlling oil and gas prices take full advantage.
https://youtu.be/6YdnSzbBr5s?is=Vzx4LsU26O-9Rg_Y
🗽🇺🇲 I want this blasted war OVER!! STOP PLAYING President Trump.🗽🇺🇲
US strategic oil reserves are at the lowest level in 40 years. Market manipulation will be more difficult in the next few months unless Trump gets serious about a peace deal.
He now understands why no other president was dumb enough to start a war against Iran for Bibi.
Americans shaking fist accusing sky news of lying ?. Its Australian news . We are a day ahead, its Monday, your fuel will jump, dont panic !!!
Fuel up your fuel tanks. Right Wing vandalised oil shipping once again 😅
1% = JUMPED??
Press misery loves money.
How about the GOVERNMENTAL 55c a litre TAX, for which they have contributed NO workers, NO Oil rigs, NO ships???
What a mess
Gas has dropped to 3.07/gal where i live
Fake news again. Gas prices are dropping here in the United States. Price of oil has been dropping. When is Australia SkyNews going to report what’s really happening.
TOTAL BS OIL PRICES JUMP EVERYTIME SOMEBODY TAKES A DUMP!!
Still waiting for 1.35 gas "president" was talking about two weeks ago in Wisconsin
Clown show
Coward Trump lost 50 bucks on the market and had a meltdown. Said stop this war because I am a taco and just lost the money for four tacos I could have had for dinner. Money is more important to me than righteousness because I am a cowardly Trump taco.
$3.24 today
Why does it say July 27 on the video?
Are we forgetting that the fuel prices, if not the price of everything, were thru the roof before the war 🤔 o wait everything is Trumps fault
They rolled Trump out to deliver the lethal mRNA injections, now they have rolled him out again to destroy the world economy.
Yeah? So what
People down under desperate for Copy
Trump the WEF Pedo king is working hard to just stop oil!
Still super cheap here. Best price in moths. Nearly same as before ass kicking$1:79 deisel
Keep your foot on their throat mr president ❤
S&P 500? Down. NASDAQ 100? Down. SPCX30B? Pumping in the GREEN. Tells you everything you need to know.
Watch for SPCX30B to completely smash records with a 2,500% run to a new ATH post-July.
I accurately predicted the $17K BTC bottom and the $126K top. Now, I'm calling a massive breakout for SPCX30B this year.
Anyone paying attention to the markets knows that SPCX30B is going to mint a lot of millionaires before the year ends.
So another empty threat by Trump.