Reported about 1 month ago
Oil prices have recovered after a significant drop last week, driven by heightened tensions in the Middle East and China's economic stimulus measures. Brent crude surpassed $73 a barrel as Israel escalated military actions against Hezbollah and vowed retaliation against Iran, stirring concerns around supply disruptions. Meanwhile, China's lowered lending rates signal efforts to boost domestic demand, leading analysts to predict a volatile market ahead while keeping an eye on global supply dynamics.
Source: YAHOO