Reported 22 days ago
Oil prices rose after OPEC+ postponed its December production increase, amidst heightened tensions following Iran's threats in response to Israel's actions. West Texas Intermediate gained 2.8%, reaching approximately $71.50 per barrel, while Brent crude advanced 2.7%, closing above $75. The decision by OPEC+ is seen as a response to oversupply concerns, and with the US elections expected to impact market volatility, analysts remain cautious about price stability in the near future.
Source: YAHOO