Oil ETFs Surge on Iran Tensions: Can the Rally Last?
Crude oil futures rose more than 4% on June 11, 2025 to $68 a barrel, the largest gain since October, as tensions escalated between the United States and Iran. President Donald Trump expressed doubt that the two countries will reach a nuclear deal. The UK Navy also issued a rare warning to mariners that higher tensions in the Middle East could affect shipping.
In a separate development, U.S. crude inventories fell by 3.6 million barrels to 432.4 million barrels last week, according to the Energy Information Administration (EIA). That drop exceeded analysts’ expectations of a 2-million-barrel draw, offering further support to oil prices.
https://www.zacks.com/stock/news/2495938/oil-etfs-surge-on-iran-tensions-can-the-rally-last?cid=CS-ZC-FT-etf_news_and_commentary-2495938&miRedirects=1
Oil ETFs Surge on Iran Tensions: Can the Rally Last?Crude oil...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
43.0¢ |
Change
-0.005(1.15%) |
Mkt cap ! $41.18M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.0¢ | $88.42K | 210.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19861 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 5884 | 2 |
View Market Depth
| Last trade - 15.22pm 17/06/2025 (20 minute delay) ? |
| BRK (ASX) Chart |