Reported about 2 months ago
Oil prices increased on fears that the ongoing conflict in Gaza could escalate into a wider regional conflict, disrupting oil supplies. Brent crude futures rose to $79.39 a barrel and U.S. crude futures reached $75.19 a barrel. The market's optimism was further fueled by expectations of imminent U.S. interest rate cuts, which are anticipated to boost global economic conditions and fuel demand.
Source: YAHOO