Mikeoxenormous
Diamond Member
Oil prices spike as markets fear escalation of Middle East conflict amid reports of Israel bracing for attack by Iran
And if the Iran oil fields get destroyed that is less oil around the world thus driving up the price even more. Isnt it wonderful that Joe Biden got rid of all of President Trump's policies on energy, and sold off the US petroleum oil reserves to China? We may see 7 dollars a gallon gasoline and not even live in California. This couldnt happen any better with the 2024 elections coming soon.Oil prices shot up on Friday amid reports Israel is gearing up for an attack by Iran as early as this weekend, an event that would mark the most significant escalation in Middle East tensions since last October's Israel-Hamas conflict.
West Texas Intermediate crude oil rose as much as 2% before paring some gains. WTI hovered around $85.88 at 1:00 p.m. ET. Brent surged past $90 a barrel, hitting $91.98.