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Oil Prices Jump 3% on Reports Iran Preparing Attack on Israel

October 01, 2024, 10.24 PM | Source: Reuters
Oil Prices Jump 3% on Reports Iran Preparing Attack on Israel

ILUSTRASI. Oil prices turned positive to climb about 3% on Tuesday following reports Iran was preparing to launch a missile attack on Israel.A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk

OIL PRICE - NEW YORK. Oil prices turned positive to climb about 3% on Tuesday following reports Iran was preparing to launch a missile attack on Israel.

Brent futures rose $1.84, or 2.6%, to $73.54 a barrel by 10:14 a.m. EDT (1414 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.88, or 2.8%, to $70.05.

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