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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 ...
Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran ...
U.K. inflation cooled a little in May but remained well above the Bank of England’s target, with the rise in oil prices ...
Asian shares are mixed and oil prices have dropped Wednesday as investors calmed from the jitters of conflict in the Middle ...
NEW YORK (AP) — U.S. stocks are nudging lower on Tuesday, and oil prices are rising again. It’s a modest return to form for ...
The Indian rupee remained largely unchanged on Wednesday as pressure from elevated oil prices amid escalating Israel-Iran ...
Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following ...
A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean ...
With oil prices rising, many Americans are bracing for another wave of inflation. Brian Levitt, Chief Market Strategist at ...
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