Reported 1 day ago
Oil remains close to its highest level in nearly three months, driven by strong demand for Middle Eastern oil from Asian refiners. Brent crude traded at around $76 a barrel, while West Texas Intermediate hovered near $74. Despite the optimism, concerns about a potential oversupply due to increased production from OPEC and external producers, along with weaker demand from China, are affecting market sentiment.
Source: YAHOO