Oil prices climbed on Wednesday, driven by a decline in U.S. crude and gasoline inventories and concerns over potential escalations in the Israel-Gaza conflict that could impact global oil supplies. By 0540 GMT, Brent crude futures had increased by 56 cents, or 0.7%, to $81.25 a barrel. Similarly, U.S. West …
Read More »Oil’s Rally Paused on Easing Middle East Tensions
Oil prices saw a significant drop on Tuesday, with both Brent and US crude oil futures falling more than $1 a barrel. This decrease is attributed to a reduced perception of imminent conflict in the Middle East. Markets had previously factored in a potential attack by Iran, leading to a …
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