Oil Futures Extend Gains After Iran’s State News Agency Reports Attack by Hostile Forces
JH Kim
Summary
- International oil futures extended their gains after Iran’s state-run IRNA news agency reported an attack by hostile forces on the country.
- After the report, West Texas Intermediate (WTI) futures rose 2.36% from the previous session, while Brent futures also gained 3%.
- However, the attacking party and the specific scale of the damage were not confirmed.
Forecast Trend Report by Period
International oil futures extended their gains after Iran’s state-run news agency reported an attack by hostile forces on the country.
On Nov. 12, Iran’s state-run IRNA news agency reported that hostile forces had attacked Iran. International oil futures continued to climb after the report.
West Texas Intermediate futures rose 2.36% from the previous session. Brent futures also gained 3%.
However, the identity of the attacker and the specific scale of the damage were not confirmed.
JH Kim
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