Oil Brief: Brent Crude and NY Crude Both Up Near 1% Each, To About US$78.36 and US$74.44 Respectively
Sharp rise! Why did oil prices finally 'react' this time?
If Haruk Island is attacked, it will take several months to repair the facilities even in the best case scenario. About 90% of Iran's exports go through these ports. In the event of such a situation, it is expected that oil prices will immediately surge by more than 10% and continue to rise.
Oil prices rise more than 5%! Is Israel going to attack Iranian oil facilities? Biden: Currently discussing.
Analysts believe that the oil market is not vigilant enough about the imminent major supply disruptions. With Israel potentially planning retaliatory attacks against Iran, possibly targeting its oil infrastructure, this prospect could impact bearish energy market participants. Analysts believe that the ultimate impact on global oil supply-demand balance and prices depends on the extent of Israel's response, and whether they see any actual damage to Iran's oil industry.
Oil Posts Largest Gain in Nearly a Year as Iranian Oil Facilities Could Be Targets
United States Oil Fund LP Options Spot-On: On October 3rd, 196.18K Contracts Were Traded, With 458.26K Open Interest
On October 3rd ET, $United States Oil Fund LP(USO.US)$ had active options trading, with a total trading volume of 196.18K options for the day, of which put options accounted for 7.85% of the total
Palestinian Red Crescent Says Five People Killed In Israeli Strike On Tulkarm In West Bank