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Stock impact report

Oil Soars Above $100 as Iran War Forces More Production Cuts [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
Bloomberg (Bloomberg) -- Oil smashed through $100 a barrel as more major Middle East producers cut output, though talks on a co-ordinated release of reserves took some heat out of the market wracked by the war in the Middle East. Brent was 15% higher at around $106 a barrel, but much lower than the session peak of $119.50. West Texas Intermediate was near $102. The Group of Seven finance ministers will discuss a possible joint release of oil from reserves on Monday, according to people familiar with the matter. The Financial Times said any action will be co-ordinated with the International Energy Agency. Most Read from Bloomberg US Tells Tariff Refund Judge It Can't Comply With Order US Considers Idea of Special Operation to Seize Iran's Uranium Trump Urges Latin America to Use Military Against Cartels Investigators Probe Terrorism Link to IED Near Mamdani's Home Trump Says Iran Launched Deadly Strike That Hit Girls' School The war in the Middle East is showing no s Show less Read more
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