[Special Stock] Heunggu Oil Rises 10% Due to Surge in International Oil Prices

Henggu Oil prices are rising amid the possibility of Israeli retaliation against Iran.

As of 9:10 AM on the 4th, Henggu Oil is trading at 20,550 won, up 9.72% (1,820 won) from the previous trading day.

The escalation of conflict between Iran and Israel is believed to have caused the sharp rise in international oil prices. West Texas Intermediate (WTI) crude oil closed at $73.71 per barrel, up $3.61 (5.15%) from the previous trading day, while Brent crude, the global oil price benchmark, rose $3.72 (5.03%) to close at $75.64 per barrel. U.S. President Joe Biden's statement that Israel, having suffered a large-scale missile attack from Iran, is considering retaliatory measures including attacks on Iranian oil facilities, pushed international oil prices higher.

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