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Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.
Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as ...
Tuko News on MSN10h
Oil stabilises after surge, stocks drop as Mideast crisis fuels jittersOil prices stabilised Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict ...
KUALA LUMPUR (Reuters) -The chief executive of top energy trader Vitol expects a slight reduction in U.S. oil production this ...
NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back ...
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
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