Oil Prices Rise On Strong US Demand, Middle East Tensions

Oil prices climbed on Thursday, supported by a sharper-than-expected decline in US crude inventories, signaling robust demand in the world’s largest oil consumer. However, market sentiment remained cautious amid lingering uncertainties over the Iran-Israel ceasefire and broader Middle East stability. International benchmark Brent crude rose by 2.3% to $66.91 per barrel at 9:50 a.m. local … Continue reading Oil Prices Rise On Strong US Demand, Middle East Tensions