NYMEX crude jumps on Iran-Israel tension

摘要

New York-The New York Mercantile Exchange March crude oil futures contract settled 67 cents higher at $84.99/b February 16, garnering support from geopolitical tensions between Iran and Israel, as well as a firm US equities market and a moderately bullish set of oil data. NYMEX March crude raced to an intra-ses-sion high of $85.95/b after news broke that Iran planned to send two warships through the Suez Canal to Syria, a move seen as a provocation toward Israel, its foreign minister said.