Crude trades flat over hopes of no spillover

Despite Iran's attack on Israel, oil prices initially rose only 0.7% to $91.05 a barrel, with gains later leveling off amid speculation that the conflict would remain contained. Over 300 missiles and drones were fired by Iran over the weekend, marking the first time it attacked Israel from its soil, though most were intercepted.

Apr 16, 2024 - 05:30
 0
Crude trades flat over hopes of no spillover
Despite Iran's attack on Israel, oil prices initially rose only 0.7% to $91.05 a barrel, with gains later leveling off amid speculation that the conflict would remain contained. Over 300 missiles and drones were fired by Iran over the weekend, marking the first time it attacked Israel from its soil, though most were intercepted.

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