23 Hrs
Source:
المشهد العربي
Oil prices rise despite diesel deal
The oil market experienced a rise in prices despite the understanding between Washington and Moscow to increase diesel supplies, due to escalating security tensions in the Middle East. This includes targeted attacks on oil tankers around the Strait of Hormuz and an attack on a vessel in India, which heightened the risks of disrupting global energy supplies. Brent crude settled near its highest levels in two weeks, and Goldman Sachs forecasted the price could reach $90 per barrel due to geopolitical risks. Meanwhile, gas oil futures declined by more than two percent following the announcement of the US-Russia agreement on additional diesel supplies.
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