Crude Oil May 24 (CL=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-04-22 |
| Open | 82.62 |
| Bid | 81.96 |
| Last price | 82.73 |
| Day's range | 81.80 - 86.28 |
| Volume | |
| Ask | 81.97 |
- Yahoo Finance Video
Oil prices: Can Mideast tensions push them to triple digits?
Oil prices (BZ=F, CL=F) have slid down about 3% this week as some of the tension in the Middle East has eased after escalations as Iran targeted Israeli military bases. Oil production seems to remain continuous as none of the recent attacks have touched production facilities. Will this decrease last or could prices go back up to all-time highs? Path Trading Partners Co-Founder Bob Iaccino joins Yahoo Finance to discuss the potential for oil prices to spike and what would bring about those price increases, including recent geopolitical tensions. Iaccino affirms: "You're talking about geopolitics to get $200 a barrel. That's what gets these surprise shocks and sustainable shocks, depending on the assessed damage... We're talking about a military strike that disrupts supply. Then that would get us somewhere near that one hundred dollars and possibly exceeding its, depending on what that disruption would be..." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
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