Oil Prices

Oil prices jump nearly 3% on Middle East tensions, Libya production halt

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Oil prices jumped sharply on Monday amid a halt in Libyan oil production and heightened tensions in the Middle East. West Texas Intermediate (CL=F) rose as much as 3% to hover above $77 per barrel, while Brent (BZ=F), the international benchmark price, increased more than 2% to trade above $80 per barrel. Over the weekend, … Read more

Oil Prices Soar as Geopolitical Risk Rises Rapidly

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Oil prices spiked dramatically on Monday morning, with Brent breaking above $81 and WTI rising toward $77.  While hopes of an interest rate cut had already boosted bullish sentiment in markets, it is geopolitics and supply risks that sent prices soaring on Monday morning. A combination of Israel launching strikes against Hezbollah in Lebanon, Russia … Read more