Reported 2 days ago
Oil prices have increased for the third consecutive day as rising tensions in the Middle East, particularly due to Israeli military strikes in Gaza, overshadow fears of a global supply surplus. Brent crude surpassed $71 per barrel, while West Texas Intermediate approached $68. Despite ongoing geopolitical pressures and a potential rise in US oil production, analysts note that sanctions on Iran could significantly impact global supply.
Source: YAHOO