Israeli attacks on Iran over the weekend targeted only military facilities, sparing oil installations, thus maintaining Iranian oil operations and reducing concerns about crude supply issues. In the face of this news, oil prices fell sharply, posting as much as 5.5% declines, after which a technical rebound began on crude prices.
Source: xStation
BREAKING: Massive increase in US oil reserves!
Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30
Silver rallies 3% 📈 A return of bullish momentum in precious metals?