Oil lifted after U.S. approves Ukraine use of long-range missiles inside Russia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
0mins
Source: MarketWatch
Oil Futures Rise: Oil futures increased on Monday, aiming for their highest closing price in over a week due to geopolitical tensions following President Biden's decision to allow Ukraine to use U.S.-supplied long-range missiles against Russia.
Military Developments: The missile decision coincides with the deployment of North Korean troops to assist Russia along Ukraine's northern border, indicating escalating military involvement in the region.
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.
