Reported 25 days ago
Oil prices increased slightly following reports that Iran might strike Israel using proxies in Iraq, although skepticism regarding supply disruptions kept crude prices lower for the week. West Texas Intermediate edged up by 0.3% to settle below $70 a barrel, while Brent crude rose to nearly $73. Despite an initial price surge due to the reports, gains faded as traders questioned the potential for escalation in the conflict. Analysts observe that tensions in the Middle East remain high, with significant market events approaching.
Source: YAHOO