Oil prices jumped higher on early Friday trading after Israel retaliated against Iran by attacking targets in the Western of the country, two US officials confirmed to Bloomberg.
Oil retreats from its peak above $85 after news that Israel reportedly launched a retaliatory strike on Iran. WTI Oil prices broke above $85.00, while Brent pricesbriefly ticked $90. The US Dollar Index advances in the green as risk-off sentiment prevails. Iran restricted its airspace and confirmed together with the United Nations nuclear watchdog that no nuclear facilities were hit.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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