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Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Crude oil prices saw a sharp rebound after hitting a six-month low on Wednesday. Rising demand and ongoing conflict in the Middle East are driving the price increase. The oil markets rebounded sharply on Wednesday, with the Brent futures at the Intercontinental Exchange rising 2.42% to $78.33 per barrel, and WTI futures at the New…

ByPexecoAugust 8, 20240Comments

Commodities

Oil Bullish Sentiment Prevails Despite Bearish US Signals

Oil prices continued to be on the rise since last report, and the bullish sentiment for the commodity seems to remain present. In today’s report we are to have a look at the data relating to the US oil market, and continue to view the fundamentals surrounding the international oil prices. To conclude the report we…

ByPexecoJune 20, 20240Comments

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Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Oil Bullish Sentiment Prevails Despite Bearish US Signals