News
🚨 🌍 WTI tops $100 a barrel as Iran rhetoric spreads; Brent Dec near 112.50
🚨 🌍 WTI tops $100 a barrel as Iran rhetoric spreads; Brent Dec near 112.50
- 🌍 WTI Dec crude traded above $100 a barrel, at 100.01 (08:33 GMT / / 08:33 GMT, delayed) from 97.15 at Wednesday's settle, as overnight warnings from Iran's Guards navy that US efforts to encourage Gulf shipping could bring strikes on US bases got wider airing, per newswires (08:36 GMT / / 08:36 GMT)
- 🌍 Brent Dec is at 112.43 vs 108.82, holding its highest since May after this morning's Gulf ship strikes, Israel's pre-emptive strike talk and the Libyan valve shutdown. Gold 4,105 and S&P futures 7,723 are both lower on the day
FO view: Equities are absorbing it as an input cost shock while gold still lags.
Not investment advice.