Reported 3 months ago
Oil prices experienced a rise of nearly 3% before settling amidst concerns over potential supply disruptions linked to the ongoing Middle East conflict. The fluctuations came after Iran launched missiles at Israel, prompting fears of retaliatory actions that could impact oil production. Despite a brief spike, prices moderated following indications from Russia's Deputy Prime Minister about OPEC+'s plans to increase oil supplies in December and unexpected increases in U.S. crude inventories.
Source: YAHOO