Oil declines amid rising Middle Eastern exports
Gold prices declined due to ongoing focus on events in the Middle East and interest rate levels, while oil continued to rise for the second consecutive session amid concerns about regional supplies. Oil experienced a significant drop as fears of supply disruptions diminished, although reports indicate that oil production in the Middle East will remain below pre-conflict levels. On the ground, a new massacre in Gaza resulted in the death of 8 people, including women, and injured an additional 6 others due to an Israeli bombardment targeting a bus and multiple sites across the sector.
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