[ad_1] Oil tumbled as Israeli strikes on Iran over the weekend avoided the OPEC member’s oil facilities. Brent crude plunged 5% to trade near $72 a barrel, with West Texas Intermediate below $68. More than 100 Israeli fighter planes struck military targets across Iran on Saturday, delivering on a vow to retaliate for a missile […]
Oil bets are the most bullish in two years as Middle East tensions flare – CNBC TV18
[ad_1] Oil futures posted their largest gain in more than a year last week. And the frenzy was even bigger in the options market. As traders fretted over the risk of a major price spike, the call skew on second-month West Texas Intermediate futures jumped to the highest since March 2022, when Russia’s invasion of […]