Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran
(Reuters) – Oil and gold prices rose and Japan\’s yen rallied on Friday on reports Israeli missiles have hit a site in Iran.
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(Reuters) – Oil and gold prices rose and Japan\’s yen rallied on Friday on reports Israeli missiles have hit a site in Iran.
Citi Research commodity strategists believe the initial impact of Iran’s April 13 attack on Israel will be for oil prices to drop below $90 per barrel.
Citigroup Inc.’s base case is for tensions to remain “extremely high” in the Middle East, underpinning prices. That’s prompted the bank to raise its short-term price forecasts, with the three-month target for West Texas Intermediate increased by $8 a barrel.
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