A US attack on Iran could send oil prices surging
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President Trump is considering a limited strike to persuade Iran to agree to a nuclear deal. Marketgauge.com chief strategist Michele Schneider sits down with Morning Brief host Julie Hyman to discuss what the latest tensions with Iran mean for oil (CL=F,
By Laila Kearney and Trixie Yap Feb 20 - Oil prices rose on Friday, headed for their first weekly gain in three, on growing concerns a conflict may erupt between the U.S. and Iran, after Washington said Tehran will suffer if it does not agree a deal on its nuclear activity in a matter of days.
Oil prices were on track for weekly gains of more than 5%, buoyed by rising concerns of a potential U.S. attack against Iran.
Brent traded above $71 a barrel, on course for a weekly gain of about 5%, while West Texas Intermediate traded near $66. Trump said he thought 10 to 15 days were about the “maximum” he would allow for negotiations to continue,
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Segment performance included Offshore Manufactured Products revenue of $123 million and adjusted EBITDA of $25 million (20% margin), Completion and Production Services revenue of $23 million and adjusted EBITDA of $7 million (32% margin), and Downhole Technologies revenue of $32 million and adjusted EBITDA of $1.3 million.
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