Oil prices boosted by rising Middle East tensions
Portfolio Pulse from
Oil prices increased for the third consecutive day due to escalating tensions in the Middle East. This follows U.S. attacks on Iran-backed Houthi rebels in Yemen, which have led to threats of retaliation.
March 18, 2025 | 11:45 am
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POSITIVE IMPACT
The United States Brent Oil Fund (BNO) is likely to see a positive impact on its price due to the rise in oil prices, driven by increased tensions in the Middle East.
BNO, as an ETF that tracks Brent oil prices, is directly impacted by changes in oil prices. The current rise in oil prices due to geopolitical tensions in the Middle East is likely to positively affect BNO's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80