Reported about 8 hours ago
Oil prices experienced a slight dip but stayed close to two-week highs due to rising geopolitical tensions involving Russia and Iran. Brent crude futures fell to $74.91 a barrel, while U.S. West Texas Intermediate crude declined to $70.97. The market is reacting to increased risks of supply disruption as Iran enhances its nuclear program and tensions between Ukraine and Russia heighten ahead of potential negotiations. Investors are also watching surging demand from China and India as key factors influencing the market.
Source: YAHOO