World News
Crude Futures Jump as US Warns of Iranian Missile Strike on Israel
Tuesday October 1, 2024
Crude futures jumped on Tuesday afternoon amid reports of a planned Iranian missile strike on Israel.
ICE December Brent futures traded at $73.34/bl as of 3:20 PM in London, up by $1.64/bl from Monday's close. Earlier in the day the futures had been trading as low as $70/bl.
The US has warned Israel that Iran is planning to launch ballistic missiles at the country, the Times of Israel reported. The warning follows a series of attacks by Israel on Hezbollah in Lebanon over the past two weeks.
A large-scale strike by Iran could risk a widening of the conflict in the Middle East, with oil production and export facilities across the region under threat.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 568.00 | 15.00 | 642.50 | 9.50 |
| Rotterdam | 517.00 | 5.50 | 625.50 | 6.00 |
| Houston | 513.00 | 4.50 | 644.00 | 7.50 |
| Fujairah | 552.50 | 20.00 | 759.00 | 4.50 |
| Global 20 Ports Average | 592.00 | 1.00 | 730.00 | 4.00 |
| Global 4 Ports Average | 546.50 | 3.00 | 667.50 | 4.50 |
| Global Average Bunker Price | 636.50 | 1.00 | 804.00 | 0.50 |
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