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Oil prices fall and stocks rise, despite ongoing Israel-Iran conflict
Oil prices fell and stocks climbed in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict. The Dow Jones Industrial Average surged 415 points, or 1%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries.
Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.
Oil prices are rising and stocks are falling on worries that Israel's attack on Iranian nuclear sites could damage flow of ...
Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and ...
The national average stands at $3.14 per gallon, which is about two cents more than a week ago and a nickel less than a month ...
The national average price of gas has increased week-over-week for the first time since May, as the Israel-Iran conflict raises concern in the oil market.
US Treasuries are down since tensions between Israel and Iran turned into a direct conflict on Friday and selling pressure is likely to have a lasting effect if past episodes of clashes are any guide.
Beyond the oil coming from Iran, analysts also points to potential for disruptions in the Strait of Hormuz, a relatively ...
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