iPath Pure Beta Crude Oil ETN

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Leading U.S. oil benchmark West Texas Intermediate (WTI) traded 0.8% lower at $84.99 early Monday morning as investors reduced their elevated risk assessment on the commodity after Iran's attack against Israel Saturday caused limited damage.

WTI Oil Slides After Surge on Supply Disruption Concerns—Key Level To Watch

Crude-oil prices retreated on Monday after an Iranian attack on Israel caused little damage, helping to diminish expectations about a broader conflict involving the two bitter rivals.

Crude-oil prices slide as markets see muted reaction to Iranian attack on Israel

Despite Iran's attack on Israel, oil prices remain stable with no immediate supply disruptions, though future shifts depend on regional developments.

Crude Oil News Today: Prices Weaken Despite Iran-Israel Conflict Escalation

If a direct confrontation between the U.S. and Iran emerged, oil prices may surge above $140 a barrel, said Benjamin Hoff, head of commodity research at Societe Generale.

Oil Prices Retreat After Iran Attack on Israel

Amid geopolitical tensions and a slight decrease in oil prices to near $90, the natural gas market eyes a rise to $2 with cautious optimism.

Natural Gas and Oil Forecast: Brent Holds Near $90, NG Eyes $2

Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher.

Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel

Oil prices fell at Asia's open on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage.

Oil prices fall after Iran attack as market draws down risk premium

Energy markets may spike Monday with volatility in oil prices expected in the wake of Iran's attack on Israel, with markets looking for potential escalation or retaliation.

Oil expected to rise in wake of Iran's attack on Israel

Iran launched more than 300 drones and missiles against military targets in Israel in an attack that President Joe Biden described as "unprecedented."

Oil prices are set to rise as market braces for Israel response to Iran's missile and drone barrage

Oil prices are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said on Sunday, but further gains may depend on how Israel and the West choose to retaliate.

Oil prices expected to rise after Iran's attack on Israel, but further gains may depend on response

Oil seen opening up after Iran's attack on Israel, but further gains may depend on response

Energy Select Sector SPDR Fund

U.S. energy shares are soaring as investors benefit from rising oil prices and a stronger-than-expected economy, while seeking to protect their portfolios from a feared resurgence of inflation.

Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries

Oil futures hit $92 per barrel on Friday (April 12, 2024) as tensions between Israel and Iran escalated overnight, with Israeli Prime Benjamin Netanyahu meeting his top officials and asking them to prepare for a possible attack by Tehran.

Oil Hits $92 In European Trading As Israel-Iran Tensions Escalate

Oil prices surged on Friday as tensions in the Middle East outweighed concerns about slowing global demand growth and delayed interest rate cuts.

Oil Hits 2024 High as Middle East Tensions Overshadow Weakened Economic Outlook

The crude oil markets continue to see a lot of upward pressure as there are a lot of factors out there to send oil higher overall.

Crude Oil Weekly Forecast – Crude Oil Markets Continue to See Bullish Pressures

The crude oil markets rallied again on Friday, as we have seen a lot of pressure present itself in the petroleum markets.

Crude Oil Price Forecast – Crude Oil Continues to Power Higher

The International Energy Agency (IEA) on Friday downgraded its forecast for 2024 oil-demand growth to 1.2 million barrels a day from the previous 1.3 million bpd, noting “exceptionally weak” deliveries in Organization for Economic Co-operation and Development (OECD) countries, a largely complete post-COVID rebound, and increasing market share gains by electric vehicles (EVs), especially in China.

IEA Downgrades Forecast for 2024 Oil-Demand Growth

The numbers: The cost of imported goods rose in March for the third month in a row because of higher oil prices, adding a little bit to upward pressure on U.S. inflation.

Import inflation rises for third month in a row. Higher oil prices play big role.

Israel is preparing for a direct attack by Iran on southern or northern Israel as soon as Friday or Saturday, The Wall Street Journal reported.

Oil prices bounce back as Israel reportedly preparing for Iran attack this weekend

Crude futures moved higher Friday morning, shaking off weakness seen after the International Energy Agency lowered its forecast for oil-demand growth, with jitters around Middle East tensions providing support.

Oil prices bounce on continued Mideast tensions, but head for weekly decline

Middle East tensions, supply disruption fears boost oil prices, but IEA sees slower demand growth and expects supply rise.

Crude Oil News Today: Prices Underpinned by Supply Disruption Fears

Crude Oil News Today: Rally Driven by Supply Disruption Fears

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity.

IEA trims oil demand forecast on weakness in wealthier countries

It comes as oil prices rebound on elevated Middle East tensions, with market participants monitoring the prospect of supply disruptions from the region.

IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions

Rising geopolitical tensions in the Middle East propel oil prices higher, despite underlying concerns of slower U.S. rate cuts impacting weekly trends.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)