Oil Price Could Rise More This Week -- Market Talk
Dow Jones06-16
2329 GMT - With Iran striking back after Israel's attacks, and the U.S. mulling involvement, investors are bracing for further market impact from the conflict. While investors will question how long the spike in tensions in the Middle East could go on, some are betting the oil price will soon rise to $95 per barrel, says Jessica Amir, market strategist at Moomoo Australia. It's not a good dynamic, especially in a week where several central banks are meeting, she adds. Brent crude--the global benchmark--rose by 12% last week to $74.23/bbl. (james.glynn@wsj.com;@JamesGlynnWSJ)
(END) Dow Jones Newswires
June 15, 2025 19:29 ET (23:29 GMT)
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