Reported about 16 hours ago
Oil prices increased for the second consecutive day, driven by positive economic indicators from major consumers, China and the US. China is set to implement stimulus measures to support its economy, while US military actions against Iranian-backed forces in Yemen have raised concerns about escalating geopolitical tensions. Despite a decrease in oil prices from earlier in the year due to trade disputes and increased supply, analysts suggest a potential short-term recovery as the US economy remains strong.
Source: YAHOO