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via finance.yahoo.comMarkets

Oil holds near five-month high as Hormuz attacks threaten supply recovery

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Oil prices held near a five-month high on Tuesday as traders weighed the risk of further Iranian attacks on shipping through the Strait of Hormuz against recovering crude flows from the Persian Gulf. Still guessing which stocks will beat the market? Our AI…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishRenewed risk of attacks on shipping through the Strait of Hormuz can keep crude prices supported.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent was at $109.38 a barrel, down 0.2%, near its highest level since May.
  2. 02WTI slipped 0.3% to $103.32, and Brent has risen nearly 80% this year.
  3. 03Traders weigh renewed Iranian attacks on Hormuz shipping against recovering crude flows from the Persian Gulf.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity109.90 USD+0.14%today +0.32%Positive Crude Oil WTICOMMODITY:WTICommodity98.74 USD+0.14%today +0.20%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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