Oil Gains Second Day on Supply Concerns
Oil prices fell despite recent increases due to growing fears over potential disruptions in the Middle East supply, as the ongoing conflict in the region continues to escalate risks. Forecasts indicate that Middle Eastern oil production will remain below pre-conflict levels, affecting global markets. Meanwhile, the dollar held onto a two-week high amid market movements linked to developments in the Middle East. In Gaza, there is an escalation of military activity, with ongoing shelling and gunfire, and reports of more casualties and injuries.
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