Faster global financial news!
Oil prices rise as Mideast tensions escalate between Iran-backed Houthis and Saudi Arabia, Brent crude up 1.24% to $107.02
Oil prices rose on Wednesday amid concerns over supply disruptions due to escalating tensions in the Middle East. Brent crude for December delivery gained 1.24% to $107.02 a barrel, while U.S. West Texas Intermediate futures for November advanced 1.18% to $95.25 per barrel. The escalation follows a deadly Houthi attack on Riyadh's main airport, with a Saudi-led coalition retaliating by striking Houthi energy terminals and fuel reserves in Yemen. Separately, the U.S. Central Command rejected Iran's claim of controlling the Strait of Hormuz, stating that American forces and regional partners clearly control the strait. Hedge fund manager Paul Tudor Jones commented that oil could rally another $20-$25 due to the Iran conflict.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Goldman Sachs strategists reported that U.S. equity market breadth is "not that bad" but warned that several indicators are at their worst levels since the dot-com bubble.
|
Next: IMF Warns Global Public Finances Under Pressure as Borrowing Costs Rise and G7 Bond Yields Hit Near 20-Year High
24H Trending
-
1
Alibaba's Tongyi Qianwen has launched three AI hardware products: the AI Glasses N1 series starting from 2,218 yuan, and AI ear-clip headphones starting from 1,099 yuan.
-
2
Air France confirms compliance with Israeli rule barring crew from certain nations
-
3
China's central bank increased its gold holdings by 740,000 ounces in September, the largest increase in three years, to reduce its exposure to U.S. dollar assets.
-
4
India's Finance Minister Sitharaman Says RBI Will Likely Continue Efforts to Curb Rupee Volatility
-
5
The utilization rate of frontier AI models plummeted from 55% in Q1 2025 to 14% in Q3 2026, as the market shifted towards cost-effectiveness.
-
6
Upbit to undergo server maintenance on Oct 19, suspending all services including trading and deposits/withdrawals
-
7
Hong Kong stocks edge up on Tuesday, mainland blue-chip index hits over one-year low as AI selloff subsides
-
8
Russia's largest bank Sberbank secures approval to trade crypto, plans to launch services on December 1
-
9
The Federal Reserve's Austan Goolsbee stated that AI is an inflation issue.
-
10
Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
