Updated
Updated · CNBC · Sep 8
Oil Hits 6-Week High as U.S.-Iran Strikes Lift Gasoline to $4.15
Updated
Updated · CNBC · Sep 8

Oil Hits 6-Week High as U.S.-Iran Strikes Lift Gasoline to $4.15

3 articles · Updated · CNBC · Sep 8

Summary

  • Oil extended gains Tuesday after climbing to a six-week high a day earlier, with traders reacting to U.S. and Iran strikes exchanged over the weekend.
  • Middle East tensions also weighed on broader risk sentiment, leaving U.S. stock futures broadly lower while Asian markets traded mixed.
  • U.S. drivers are already feeling the move: AAA put the national average for regular gasoline at $4.15 a gallon on Monday, a Labor Day record.
  • That topped the previous holiday high of $3.82 set on Sept. 3, 2012, raising the cost of road trips during one of the busiest U.S. travel weekends.

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