From Investing.com: 2024-10-08 05:35:00

Escalating tensions in the Middle East caused a rally in oil prices, with Brent hitting $81.17. Iran’s oil infrastructure is at risk, leading to fears of global supply disruptions. President Biden urges caution to prevent further escalation. OPEC+ faces a delicate balance amid rising prices, potentially adjusting output strategies. Market volatility remains high as traders closely monitor geopolitical developments and economic conditions.



Read more at Investing.com: Crude Oil Bulls Could Resume March as Markets Brace for Middle-East Supply Shock