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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.
Oil Prices Fall $1 Per Barrel on Reports Iran Seeks Truce With Israel
NEW YORK (Reuters) -Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region.
Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as ...
U.K. inflation cooled a little in May but remained well above the Bank of England’s target, with the rise in oil prices ...
Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September ...
Calm is returning to Wall Street. U.S. stocks are rallying Monday, while oil prices are giving back some of their initial ...
This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price ...
The Indian rupee remained largely unchanged on Wednesday as pressure from elevated oil prices amid escalating Israel-Iran ...
Crude oil prices continue to face upward pressure as the conflict between Israel and Iran continues, raising concerns about oil supply disruptions from the Middle East.
A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean ...
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