Crude oil futures rise as Israel threatens to attack Iran

Energy News

Crude oil futures rose Wednesday after two days of losses as Israel threatened to attack Iran if the Islamic Republic strikes Israel directly. Oil prices pulled back after the consumer price index rose 0.4% for March and 3.5% over the previous year, compared with expected gains of 0.3% and 3.4%, respectively. Israel warned OPEC member Iran Wednesday it would attack the Islamic Republic if Tehran strikes Israel."If Iran attacks from its territory, Israel will react and attack Iran," Israeli Foreign Minister Israel Katz said on theEnergy, the new momentum trade? Why the sector’s strong gains can increase from hereMorgan Stanley says the catch-up trade in energy can continue and names its top picks to play JPMorgan says oil could rise to nearly $100 a barrel on Russia’s ‘surprising’ actions ahead of U.S. election Khamenei has threatened to punish Israel after Iran's consulate in Damascus, Syria, was destroyed in a missile attack last week, killing seven Iranian military officials