Oil Gains for Third Day as Israeli Strikes Stoke Mideast Tension
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2025
0mins
Source: Yahoo Finance
Oil Prices Rise Amid Middle East Tensions: Oil prices increased for a third consecutive day, with Brent crude surpassing $71 per barrel due to escalating military actions in Gaza and concerns over potential supply disruptions linked to US sanctions on Iran.
Global Market Outlook: Despite the rise in oil prices, analysts predict a quarterly loss for crude due to bearish factors such as an impending global trade war and OPEC's planned production increases, which may lead to a market glut.
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.
