Oil up 7% on week after swinging on Mideast, US crude build and Russia
Investing.com - “Never a dull moment in the oilfield,” oil services firm Panther says on its website. By that extension, of course, are the oil markets, which seldom go a day, or even hours, without drama.
Adding to the muddle was the Mullah leadership in Tehran looking eager to jump into the Middle East fray despite both Israel and the United States keeping them at bay for now.) in Durham, North Carolina, stressed on that point in his market commentary on Friday, observing that the latest rally “appears to be correlated with Iran making statements supporting Hamas and stating that a “new front“ may open if Israel war crimes continue, while the media is blaming it on tighter sanctions.
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