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Oil prices add to gains after Israel hits Iran energy facilities; stocks taking turmoil in stride - MarketWatch

1. Oil futures rose after Israeli attacks on Iranian energy facilities. 2. West Texas Intermediate crude increased by 2.2% to $74.56 a barrel. 3. Fears of disruptions in crude flows heighten due to geopolitical tensions. 4. Significant oil supply flows through the Strait of Hormuz are at risk. 5. U.S. stocks remain stable despite heightened geopolitical risks.

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FAQ

Why Bullish?

Current geopolitical tensions and oil price increases suggest sustained demand for CL.1, especially if disruptions escalate like in past conflicts (e.g., Gulf War).

How important is it?

The article highlights crucial geopolitical factors influencing oil supply, making it vital for CL.1's price trajectory.

Why Short Term?

The immediate trading impact is tied to geopolitical events, which can shift quickly as seen in past conflicts affecting oil prices.

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