Crude Oil Volatile Amid Geopolitical Tensions – What Traders Need to Watch
From Investing.com: 2024-10-09 05:14:00
Oil prices continue to fluctuate as tensions between Iran and Israel remain high, with traders split on price direction based on war-related news. The uncertainty surrounding potential Israeli attacks on Iranian energy resources is causing market volatility, with prices spiking briefly before settling back down near $78 for Brent and $74 for crude. The fragile nature of the global energy market is evident as investors brace for potential supply disruptions and navigate through unpredictable oil price movements amidst geopolitical tensions.
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