Oil Futures Rise on Middle East Escalation Concerns
Oil futures recover most of the previous two days’ losses as traders worry the U.S. could renew military strikes against Iran after the midterm elections. Mizuho says another headline could push prices toward the five-month high of $117.45 from Oct. 23.
Oil futures recover most of the previous two days' losses as traders worry that the U.S. could renew military strikes against Iran following the midterm elections. The market is "one more headline from rallying to the next level and trading to the five-month high of $117.45 from Oct. 23," Mizuho's…