Iran has taken action, what does this mean for oil prices?
Iran launched missiles, escalating geopolitical tensions, overnight oil prices spiked then fell back. The mainstream market view still believes that the conflict will not expand into a full-scale war, similar to April this year, but in the long run, Israel's response will determine the trend of oil prices.
Iran warns of devastating blow if retaliated against, Israel may carry out major retaliation in the coming hours.
Iran launched the largest-ever missile attack on Israel overnight! Iran warns that any response from Israel will result in a devastating attack, with Prime Minister Netanyahu vowing to make them pay, and the usa is ready to defend Israel.
U.S. Crude Stockpiles Fell 1.5M Barrels Last Week, API Says
USA API Weekly Crude Oil Stock A Draw Of 1.500M Barrels Vs A Draw Of 2.100M Barrels Est.; Draw Of 4.339M Barrels Prior
Israeli PM Netanyahu Says Iran Made A Big Mistake Tonight And They Will Pay For It
United States Oil Fund LP Options Spot-On: On October 1st, 126.99K Contracts Were Traded, With 374.75K Open Interest
On October 1st ET, $United States Oil Fund LP(USO.US)$ had active options trading, with a total trading volume of 126.99K options for the day, of which put options accounted for 10.96% of the total