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Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption
CNBC Television· 2025-06-23 00:20
Oil's up about 4%, natural gas is up just over 1%. So again, the moves they are probably thankfully not huge, but this could keep oil and gas stocks hot. Morgan, as you guys have talked about in overtime and more, oil and gas stocks, they have moved higher over the past month. One thing is clear, the price of oil determines the path of stocks. You can hate it, you can be annoyed by that, but it is the reality. As the price of oil goes up, oil stocks tend to go up. As the price of oil goes down, price of oil ...
Bronze: It’s a case of watch and wait for oil prices
CNBC Television· 2025-06-13 11:28
So Richard, where could we see oil go. We saw earlier this morning it spiked. It was up about 15 14% earlier, but we've seen this before where geopolitical events happen, the price spikes, and then it just seems to come right back down.Do you think this time maybe different. Well, I think the question really depends what happens next and that's what the oil price is starting to reflect. How big is Iran's response.Is it only targeted at Israel or does it also extend maybe to US bases to other allies in the r ...