Analysis of U.S. Tightening Oil Sanctions on Iran Amidst Strategic Diplomacy Analysis of U.S. Tightening Oil Sanctions on Iran Amidst Strategic Diplomacy

By: Alex Freidmen

Oct. 11, 2024 7:30 PM ET
The Energy
Select Sector SPDR® Fund ETF (XLE), USO

UCO, LEU, DBO, WTI, UNG, FCG, USL, SCO, UNL, ALTM, BNO, GEVO, BOIL, KOLD, PPSI,
GUSH, DRIP, USOI, SLI, PLL, CO1:COM, NG1:COM, CL1:COM, SOC, OKLO, OPAL, WAVE, ATLX, TLN,
LAAC, CTRI
By: Carl Surran, SA News Editor

Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures experienced a slight decline on Friday but managed to secure their second consecutive weekly gain. The trading arena was a battlefield of volatility, with expectations swinging widely as Israel contemplates its response to a recent massive missile assault by Iran. Concerns loom over a potential Israeli strike targeting Iran’s lucrative oil industry.

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