Oil is trading lower amid volatility after recently gaining on concerns over rising Iran-Israel tensions.
Portfolio Pulse from Benzinga Newsdesk
Oil prices are experiencing volatility and are currently trading lower after a recent rise due to concerns over escalating Iran-Israel tensions.
August 13, 2024 | 4:10 pm
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NEUTRAL IMPACT
BNO, an ETF that tracks the price of Brent crude oil, is likely to experience short-term volatility as oil prices trade lower after a recent rise due to Iran-Israel tensions.
BNO tracks Brent crude oil prices, which are currently volatile due to geopolitical tensions. This could lead to short-term price fluctuations for the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
USO, an ETF that tracks the price of West Texas Intermediate (WTI) crude oil, is likely to experience short-term volatility as oil prices trade lower after a recent rise due to Iran-Israel tensions.
USO tracks WTI crude oil prices, which are currently volatile due to geopolitical tensions. This could lead to short-term price fluctuations for the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80