Oil News: Crude Oil Futures Jump as Iran Risk Revives Bullish Outlook
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Crude Oil futures rebound as Iran hardens its nuclear stance, lifting oil prices and reinforcing a bullish oil outlook on supply risks.
July WTI Reverses Back Above $100 as Iran’s Nuclear Stance Hardens
July WTI crude oil futures hit $100.89 Thursday, up $2.63 on the session. Yesterday’s 5.6% selloff lasted less than 24 hours. Iran’s supreme leader ordered enriched uranium to stay inside the country and the diplomatic premium came straight back into the market. The war premium everyone said was gone is already coming back. Here is what is actually driving this market.