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Crude Extends Rally on Iran Call for Israel Oil Embargo

OIL

Crude extends gains up to the highest since 2 Oct after Iran Foreign Minister calls for oil embargo against Israel according to Bloomberg.

  • Brent Dec has traded through the overnight high of 92.18$/bbl with the next technical resistance levels at the 28 Sep high and bull trigger at 95.35$/bbl.
    • Brent DEC 23 up 3.2% at 92.75$/bbl
    • WTI NOV 23 up 3.4% at 89.62$/bbl
    • WTI-Brent up 0.06$/bbl at -4.41$/bbl
    • Brent DEC 23-JAN 24 up 0.11$/bbl at 1.45$/bbl
    • Brent DEC 23-DEC 24 up 1.25$/bbl at 8.74$/bbl

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