Latest Oil Market News and Analysis for Oct. 19
Oil steadied after jumping on Friday, as flareups in fighting in the Middle East and Ukraine dimmed the prospect of a return to normal crude flows.
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Oil steadied after jumping on Friday, as flareups in fighting in the Middle East and Ukraine dimmed the prospect of a return to normal crude flows.
Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.
Oil edged higher as renewed strikes on Saudi Arabiaโs main airport and a fresh tanker attack near the Strait of Hormuz raised the prospect that intensifying hostilities could exacerbate supply risks.
Oil fell after President Donald Trump said the US would not attack Iran ahead of Novemberโs midterm elections.