Oil prices move up in after-hours trading as U.S. makes r…

Oil prices rose in after-hours trading in response to news of a U.S. retaliatory strike against Iran, following Iran's attack on a commercial ship in the Strait of Hormuz. West Texas Intermediate crude for August delivery increased to $70.24 a barrel, while August Brent crude rose to $72.95, both above their previous settlement levels. Additionally, U.S. stock futures dipped after the news broke.

Site SearchClear

Advanced Search ➔

Search Results

Symbols

No results found

All News
Articles
Video
Podcasts

0 Results

No Results Found

Authors

No results found

Sections

No results found

Columns

No results found

Last Updated:

5 hours ago

Oil prices move up in after-hours trading as U.S. makes retaliatory strike against Iran

Myra P. Saefong

Oil prices edged higher from Friday's settlement levels in after-hours trading, as traders reacted to news that U.S. forces attacked Iran in response to Iran's strike Thursday on a commercial ship traveling through the Strait of Hormuz.

The news came just ahead of the end of the after-hours electronic trading session. West Texas Intermediate crude for August delivery was at $70.24 a barrel following the news, above the day's settlement at $69.23. August Brent crude was at $72.95, up from its $71.99 settlement.

U.S. stock futures, which continue to trade for an hour on Friday following the cash market's closing bell, also moved lower on the news.

Read Original at MarketWatch →