Oil extended gains as fears grow over possible U.S. action against Iran. Brent crude climbed to $70.98, while WTI rose to $65 after a strong rally the previous session.
Rising geopolitical tensions also boosted safe-haven demand, with gold moving back above $5,000 an ounce.
https://www.reddit.com/gallery/1r8y4k4
Posted by Appropriate-Fix-4319
4 Comments
Hey Brent is my wife’s boyfriend’s name! Hey Brent haha! He’ll get a load of this when I tell him.
I just followed WSB regarded advises to sell my oil stock… i knew it would go up it was my very strong feeling and i knew they were regards!
Before this thread is closed by mods, I’d bring up that the rise won’t be as big as you think. The US has done its best to minimise the impact of a war on Iran. What I’m saying is that it might be priced in.
Discussions of oil’s price in an Iran war scenario often guess it will double. But what we’re seeing in the market so far is less than +10%
Is the market betting against the possibility of a heated, long duration war?