Oil Storage
Oil prices rise 1% after reports that Israel is preparing a strike against Iranian nuclear facilities
The price of oil jumped by more than 1% after Israel was reported to be preparing an attack on Iranian nuclear facilities. This sparked fears that the conflict could disrupt supply in this key Middle East region. Brent futures rose 86 cents or 1.32% to $66.24 per barrel at 0003 GMT. U.S. West Texas Intermediate Crude Futures for July rose 90 cents, or 1.45%, to $62.93. CNN reported Tuesday that the United States has received new intelligence suggesting that Israel is planning to attack Iranian nuclear facilities. CNN cited multiple U.S. government officials who are familiar with the issue. CNN,...