Thursday, 11 January 2024 Oil prices rise as tensions in the Middle East escalate and US crude stockpiles increase. US crude futures climb 0.28% to $71.57 a barrel, while Brent crude futures gain 0.27% to $77.01 a barrel. The Energy Information Administration (EIA) reports that US crude inventories rose by 1.3 million barrels, reaching 432.4 million barrels. Analysts predict prices to range between $67 and $77 in the near term. Additionally, Yemen-based Houthis launch a major attack on Red Sea shipping lanes, prompting warnings from the US and Britain.
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UN Says Global Food Prices , for Many Staples , Fell in 2023.
On January 5, the U.N. Food and
Agriculture Organization reported that
global prices for some commodities fell
last year from record..
Credit: Wibbitz Top Stories Duration: 01:31Published
Oil prices fell over 2% due to Saudi Arabia's price cuts and rising OPEC output. Geopolitical tension in the Middle East raised supply concerns. Brent crude slid... IndiaTimes
Gold prices advanced on Monday, as the metal's appeal was boosted by safe-haven demand owing to tensions in the Middle-East, while markets raised bets that the... IndiaTimes
Thursday, 11 January 2024
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