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Oil Prices Rise As Iran Lets Missiles Do The Talking; S&P 500 Futures Slip

요약

Oil prices rose to their highest level in a week on Wednesday morning as Iran staged attacks on Kuwait and Bahrain while ceasing communications regarding a deal to reopen the Strait of Hormuz. S&P 500 futures dipped just below the flat line as stock market optimism holds amid a nine-session winning streak. Global oil inventories are fast-approaching rock-bottom levels, after which shortages could quickly fuel a massive spike in oil prices, Exxon Mobil and others are warning.