Brent Crude Oil / WTI
Update: WTI Crude Oil Closes Higher as Iranian Missile Strike on Israel Threatens a Spreading War
West Texas Intermediate (WTI) crude oil rose on Tuesday on rising geopolitical risks after Iran launched a missile strike on Israel to avenge the killing of Hassan Nasrallah, the head of Hamas, and other senior leaders of the militant group.
WTI crude oil for November delivery closed up US$1.66 to settle at US$69.83 per barrel, while December Brent crude, the global benchmark, was last seen up US$1.96 to US$73.66.
Iran launched an estimated 200 missiles at Israel, according to the Guardian, threatening to spread war to the oil-rich Persian Gulf. An Israeli military spokesman said the country will retaliate against Iran as some missile hit their targets in the country.
