Oil Resumes Gain as Investors Wait for IEA Report Amid Iran Risk

-- Oil resumed gains ahead of a report from the International Energy Agency on the market outlook as traders braced for a potential strike on Israel by Iran or its proxies.Russia Destroys Largest Power Plant in Ukraine’s Kyiv Region

Oil is on track for a weekly loss but prices are still around 19% higher this year, in part due to OPEC+ supply cuts. The IEA will provide a snapshot of the market later Friday, including the outlook for demand.Toyota Pins Its Hopes on Revamped 4Runner to Beat Ford and HyundaiCocoa’s Surge Is Drawing Africa’s Farmers Back to the BeanCostco is making $100 million to $200 million a month by selling gold bars, according to a Wells Fargo equity research note.

BANGKOK — Asian shares were mixed Thursday after U.S. stocks fell on worries that what had seemed like a blip in the battle to bring down inflation may be a troubling trend. Oil prices edged higher and U.S. futures were flat. South Korean shares were little changed after the ruling conservative party suffered a crushing defeat in a parliamentary election. The Kospi edged less than 0.1% higher, to 2,708.15.

Source: News Formal (newsformal.com)

Iran Bloomberg West Texas Intermediate Israel Market Outlook

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil Resumes Gain as Investors Wait for IEA Report Amid Iran RiskOil resumed gains ahead of a report from the International Energy Agency on the market outlook as traders braced for a potential strike on Israel by Iran or its proxies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil holds gain with Russian refining and OPEC+ curbs to the foreOil held most its recent gains after reaching the highest close since late October on Monday, as Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts remained in focus.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil extends gain on Russia refinery attacks, China economic dataOil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil seals quarterly gain with OPEC+ curbs tightening marketOil scored a 16 per cent quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil holds onto gains as investors bet on tighter supplyExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Oil holds onto gains as investors bet on tighter supplyOil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »