Oil Hits 1-Month High as Next Week’s Midterms Set Up an Iran Test

West Texas Intermediate (WTI) crude touched style="font-size:1rem;color:var(--t1);line-height:1.75;margin-bottom:20px;font-weight:300;padding:14px 18px;border-left:2px solid var(--blue);background:rgba(33,136,255,.06);border-radius:0 8px 8px 0"06.2 per barrel on Friday, its highest intraday level since mid-September. The jump followed Iran’s claim that mines struck four tankers, a day after US forces called Hormuz lanes clear. WTI later eased to style="font-size:1rem;color:var(--t1);line-height:1.75;margin-bottom:20px;font-weight:300;padding:14px 18px;border-left:2px solid var(--blue);background:rgba(33,136,255,.06);border-radius:0 8px 8px 0"04.1, and Brent traded near style="font-size:1rem;color:var(--t1);line-height:1.75;margin-bottom:20px;font-weight:300;padding:14px 18px;border-left:2px solid var(--blue);background:rgba(33,136,255,.06);border-radius:0 8px 8px 0"11.9, up 9.4% from a month earlier. For energy traders, The post Oil Hits 1-Month High as Next Week’s Midterms Set Up an Iran Test appeared first on BeInCrypto.