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Stock impact report

Oil surges to highest level since October on escalating Middle East tensions [Yahoo! Finance]

BOK Financial Corporation (BOKF) 
Last bok financial corporation earnings: 4/22 07:55 am Check Earnings Report
US:NASDAQ Investor Relations: bokf.com
Company Research Source: Yahoo! Finance
West Texas Intermediate ( CL=F ) futures rose to touch an intraday 2024 high of $87.30 per barrel, while Brent ( BZ=F ), the international benchmark price, touched $92.11 per barrel. Crude Oil May 24 (CL=F) Sign in to add to watchlist Full screen "The escalation of tensions between Israel and Iran is also indicating to traders it may worsen before it gets better and there seems to be a lot of option call buying as we go into the weekend which is keeping an upward pressure on futures prices," Dennis Kissler, senior vice president at BOK Financial, said in a note to clients on Friday. Iran's production is estimated at 3 million barrels per day. "If a large percentage of that [production] were to move away or be delayed to the world market the supply/demand picture could tighten further very quickly," said Kissler. Crude prices have been on an upward trend amid continued output cuts by oil alliance OPEC+ and tensions stemming from the Israel-Hamas war. Ukrainian drone atta Show less Read more
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