Oil Claws Back Some Losses on Iran Risks Heading Into Weekend [Yahoo! Finance Canada]
ING Group, N.V. (ING)
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ing.com/investor-relations.htm
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Source: Yahoo! Finance Canada
Brent traded above $64 a barrel after plunging 4.2% on Thursday, the most since June. Israel's Prime Minister Benjamin Netanyahu asked President Donald Trump to postpone plans for an attack on Iran, the New York Times reported. That's reduced the chance of an immediate US response to violent protests in the Islamic Republic, which could have led to disruptions to oil production or shipping. Most Read from Bloomberg Nevertheless, Washington is boosting its military presence in the Middle East. At least one aircraft carrier is moving into the region and other military assets are expected to be shifted there in the coming days and weeks, Fox News reported, citing military sources. Traders have in the past covered bearish wagers ahead of the weekend in periods of heightened geopolitical risks. “While the risk of imminent intervention from the US against Iran has subsided, it's pretty clear that the risk is still present, which should keep the market on its toes in the short term,”
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