Oil, Iran and Israel
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Stocks declined as oil prices skyrocketed on Friday, June 13, after Israel attacked Iran, one of the largest oil producers in the world. That means its data centers are purpose-built to support artificial intelligence (AI) training and inference,
Repsol's natural gas production and the bullish outlook for gas prices support continued resilience and earnings strength. See why REPYF stock is a Hold.
That’s the end of the cheapest petrol prices in the UK for four years” – Tony Redondo, Cosmos Currency Exchange
Some of Monday’s strongest action was in the oil market, where the price of crude spurted more than 3%. The countries in the OPEC+ alliance decided to increase their production again, a move that often pushes crude prices down because it puts more on the market, but analysts said investors were widely expecting it.
What is the biggest US crypto news today? JPMorgan says an attack on Iran could spike oil prices to $120, driving US CPI inflation to 5%.