PT Solid Gold Berjangka | Middle East Conflict Lifts Oil Prices Despite Large US Crude Build
OIL SOLID GOLD BERJANGKA, SG BERJANGKA , SOLID GROUP, PT SGB , SGB
Solid Gold Berjangka | Oil prices edged up on Wednesday on worries that the escalating conflict in the Middle East could threaten oil supplies from the world’s top producing region, but a large build in U.S. crude inventories limited gains.
Brent futures rose 34 cents, or 0.46%, to settle at $73.90 per barrel. U.S. West Texas Intermediate crude climbed 27 cents, or 0.39%, to settle at $70.10 per barrel.
On Tuesday, Iran fired more than 180 missiles at Israel, its biggest ever direct attack on the country. Israel and the United States vowed retribution for the attack, a sign that conflict in the region is intensifying.
Israel’s retaliation could include targeting Iranian oil production facilities among other strategic sites, U.S. news website Axios reported on Wednesday citing Israeli officials.
On Wednesday, Iran said its missile attack on Israel was over, barring further provocation. It added that any Israeli response to its attack would be met with widespread destruction.
In another escalation of the conflict, the Israeli military on Wednesday sent regular infantry and armored units to join ground operations in southern Lebanon against Iran-backed Hezbollah.
At a United Nations Security Council meeting about the Middle East on Wednesday, Israel and Iran threatened each other with retaliation if attacked.
Source : Reuters