Stock Markets Plunge Deep Into the Red as Oil Prices Jump Above $100
16 Articles
16 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = As the armed conflict between the U.S. and Iran intensifies, following Brent crude, West Texas Intermediate (WTI) also... barrels on the 10th (local time)
As the war between the U.S. and Iran intensifies, international oil prices have surpassed $100 per barrel for the first time in two months. Although U.S. President Donald Trump stated that the war would end and oil prices would drop immediately after the midterm elections this coming November, key White House officials are discussing the possibility that the war could continue throughout his term.
Domestic oil refining stocks are showing strong gains across the board in early trading on the 10th. This is interpreted as investor buying flocking to domestic oil-related stocks as international oil prices surpassed the $100 per barrel mark amidst intensifying geographical tensions between the U.S. and Iran. As of 9:37 AM on this day, Heunggoo Petroleum was trading at 14,780 won on the KOSDAQ market, a sharp increase of 2,690 won (22.25%) from…
Texas Intermediate Oil (WTI) opened this Thursday with an increase of 3.9 percent, up to 99.83 dollars a barrel, fueled by the war in Iran, which now lasts more than six months. At 09:00 local time (13.00 GMT), the WTI futures contracts for the month [...] Texas Oil Entry opens with a rise of 3.9 percent by the war in Iran was first published in Information Focus.
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