Oil Prices Edge Lower After Rallying Amid Middle East War Risk
From Financial Modeling Prep: 2024-10-09 04:00:37
Oil prices surged to a month-high due to Middle East conflict fears, but have slightly dipped as profit-taking and uncertainty set in. Geopolitical tensions and supply disruptions are key factors driving the market rally. Global demand for oil remains strong, highlighting the importance of monitoring geopolitical developments for investors.
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