Oil Futures Rise Further as US Prices Climb Over $3 and Brent Surges Over $5 After UAE's Fujairah Reports Fire at Petroleum Site Due to Iranian Drone Attack
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Source: moomoo
Oil Futures Rise: Oil futures have extended gains, with U.S. prices surpassing $3 and Brent prices exceeding $5.
Impact of Drone Attack: The increase in oil prices follows a drone attack from Iran, which has raised concerns in the petroleum industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
