Global markets roiled and energy prices soar with US pressing attack on Iran [Globe and Mail, The (Toronto, Canada)]
IHI CORP UNSP/ADR (IHICY)
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Source: Globe and Mail, The
Futures for the S&P 500 and Dow Jones Industrial Average each sank about 1%. The price of a barrel of U.S. benchmark rose more than 8% to $72.70 per barrel, a price not seen since the U.S. summer driving season and the 12-day Israel-Iran war. Brent crude jumped 9% to nearly $79.19 per barrel. The spike in the cost for a barrel of crude could show up in a matter of days or weeks at gas pumps, with retailers forced to pay more for new shipments of gasoline. Travel sectors, from airlines and cruise operators to global hotel chains, tumbled. But it wasn't just oil. Natural gas futures rose early 6% and futures for fuel used for transportation as well as industrial purposes, spiked more than 14%. Germany's DAX dropped 1.9% to 24,817.42, while in Paris the CAC 40 lost 1.7% to 8,435.80. Britain's FTSE 100 slipped 1% to 10,808.53. Shares fell in most Asian markets but they rose in Shanghai, where higher oil prices lifted some oil company stocks such as CNOOC, China Petroleum & Ch
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- Global markets roiled as conflict in the Middle East spreads and energy prices soar [Advisor.ca (Canada)]Advisor.ca
- Oil prices soar and stock prices fall as U.S.-Israel war with Iran rattles markets [BNN Bloomberg (Canada)]BNN Bloomberg
- Oil prices soar and stock prices fall as US-Israel war with Iran rattles markets [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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