Reported 8 days ago
Oil prices have edged up as traders react to the recent killing of Hezbollah leader Hassan Nasrallah by Israeli forces, with concerns over potential Iranian retaliation. Brent crude is trading around $72 a barrel, while West Texas Intermediate exceeds $68. Despite the increased geopolitical tensions, the market remains relatively stable due to ample global production and OPEC+ output strategies. Analysts suggest that the oil market is growing indifferent to Middle Eastern developments, as no significant disruptions to oil supply have occurred amid ongoing conflicts.
Source: YAHOO