Oil up as Middle East tensions persist, demand concerns cap gains
Tuesday, 12 March 2024 Oil prices rose on Middle East tensions, limited by bearish demand sentiment. Yemen's Houthis attacked ships. A U.S.-British coalition launched airstrikes. Weaker demand, increasing non-Opec supply capped gains. China's crude oil imports softened. Market awaits reports from OPEC, IEA, and EIA. Brent futures, US crude April contract impacted. Analysis by Serena Huang at Vortexa.
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Tuesday, 12 March 2024
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