Reported about 2 months ago
Oil prices experienced a significant increase, with West Texas Intermediate rising over 3% to $77.42 per barrel and Brent climbing almost 3% to $81.43, fueled by a halt in Libyan oil production due to internal disputes and heightened tensions in the Middle East following Israeli airstrikes against Hezbollah. Experts warn that these tensions could lead to disruptions in global oil supply, despite recent trends showing a decrease in U.S. gasoline prices.
Source: YAHOO