Oil Hits $76 On Fears Of Supply Disruptions …C0NTINUE READING HERE >>>
Oil prices climbed once more on Wednesday following Iran’s missile strike on Israel, but later eased as traders evaluated whether the intensifying Middle East conflict would affect global energy supplies.
Brent crude, the global oil benchmark, surged to $76.14 before retreating to $73.84, reflecting a modest daily gain.
Meanwhile, U.S. benchmark West Texas Intermediate saw a 0.4 percent increase to $70.12 per barrel. Concerns emerged among market analysts and traders about possible disruptions to energy exports if the conflict escalates, given that the Middle East region accounts for…
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