Oil held gains following its largest daily surge since October, driven by reports that US military action against Iran could be imminent.
- Brent crude traded above $70 after a 4.3% jump on Wednesday.
- WTI held over $65.
- Axios reported a potential weeks-long US campaign, with Israel pushing for regime change.
- Conflict risks supply from the region producing ~1/3 of the world’s oil.
Compare Top Forex brokers and start trading and investing with a trusted partner
Talks remain deadlocked. Tehran claims “general agreement” with the US, while Washington imposes new visa restrictions on Iranian officials. Ukraine peace talks also ended after 90 minutes with no progress.
US crude inventories fell 609k barrels last week (API), with official data due Thursday.
Top brokers to trade oil:
- XM – Min deposit $5, leverage 1:1000, MT4/MT5, 5M+ users. Regulated: FCA, CySEC, ASIC.
- eToro – Min deposit $50, leverage 1:30, 30M+ users.
Risk disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.