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With news breaking that Iran has launched drones against Israel, will this cause the price of oil to go up further or is that priced in?
Apparently, these drones will take hours to get to their targets, so Israel will be ready.
Https://www.dailymail.co.uk/news/article-12510321/BP-CEO-Bernard-Looney-resign-four-years-job.html
How will the market react first thing in the morning? Down, since the markets do not like uncertainty? Up because the markets hope for a better leader? Or will the BP share price merely follow the direction of crude oil markets?
Halma1983,
Not sure that 5%, if you can get it for cash, is that good! With CPI as the measure of inflation coming in today at 8.6%, getting just 5% is a way to GUARANTEE losing at least 3% of purchasing power!