Friday, 10 May 2024 () Following several weeks of declines, oil prices are now rising once again on a combination of geopolitical risk, rising demand, and supply concerns.Friday, May 10th 2024Oil prices are once again climbing after several weeks of declines. Falling US crude inventories and robust Chinese imports have sparked some bullish sentiment in oil markets. Brent futures are set to post their first weekly gain since early April, moving closer to $85 per barrel, further boosted by the easing of the US labor market (jobless claims the highest in…
The Biden administration just restricted 13 million acres of a federal petroleum reserve from oil and gas exploration, adding to its long list of anti-oil actions and guaranteeing high gasoline prices...
Oil prices surged by more than four percent on Friday following Israel's missile strikes on Iran, amplifying concerns of heightened tensions in the West Asia region. The global benchmark, Brent crude,..
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 10 May 2024 ()
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