Oil Extends Surge on Report Iran Orders Retaliatory Strike
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
0mins
Should l Buy ?
Source: Bloomberg
Iran's Retaliatory Actions: Iran has ordered a direct strike on Israel following the assassination of Hamas' political leader, escalating tensions in the region and impacting oil prices, with Brent crude surpassing $81 a barrel.
US Oil Market Dynamics: Despite recent declines in US crude stockpiles, concerns over Middle Eastern conflicts and OPEC+ production plans are driving bullish sentiment in the oil market, while negotiations for peace in Gaza face challenges after key leadership changes.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
