On October 01, 2024, at 7:30 PM ET, an article covering significant developments in the oil market was published. The articles’ focus centered on the United States Oil Fund, LP ETF (USO) and other related companies and assets, including CL1:COM, UCO, and XLE.
The report, authored by Carl Surran, SA News Editor, detailed a notable increase in crude oil futures observed on Tuesday. This rise is attributed to Iran’s missile attack on Israel, marking a substantial escalation in Middle East tensions. The situation has raised concerns about potential threats to global crude supplies emanating from the region.
Additional key tickers impacted by these developments include APA, COP, OXY, HAL, EOG, MRO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, FANG, GUSH, DRIP, VST, USOI, CO1:COM, and NG1:COM. The Iranian offensive involved the launching of approximately 200 missiles at Israel, further intensifying the geopolitical climate. The potential implications of this conflict on global oil and commodity markets are being closely monitored.
