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Oil near five-month maximum due to tensions in the Middle East

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Oil near five-month maximum due to tensions in the Middle East
Photo: Archive

The price of oil has retained near five-month maximum for fear that the escalation of tensions in the Middle East could lead to a more direct involvement of the United States.

The price of the WEST Texas intermediate (WTI) is stabilized in Asia after reaching the highest level in the previous time in the previous time, when the President Donald Trump asked the unconditional attack on the country’s possible attack, Bloomberg published.

Future of American shares have almost no changes after the S & P 500 index fell by 0.8 percent in New York, the thinner transmits

Also, the bonds of the American Treasury fell slightly in Asia, but they kept most of the gains from Tuesdays, which initiated geopolitical risks and disappointing data from the USA on retail, housing and industrial production.

Bloomberg’s dollar index fell after the day previously recorded the highest growth in the last month.

The MSI index of Asian-Pacific regional actions has not been seen by a change almost, with the winnings of Japan and South Korea neutralized losses in Hong Kong and continental China.

As stated, Iran and Israel exchanges fire for the sixth day in a row, after the Tramp met with its national security team to discuss the escalation of conflict. It has encouraged new speculation that the United States is on the edge of direct involvement in conflict.

The meeting in Washington lasted for more than an hour, cited the sources made.

(Vijesti.ba)


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