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Oil: prices to rise this Tuesday

16/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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After the Israeli military leader said his country would respond to last weekend's missile and drone attack by Iran, oil prices rose on Tuesday amid heightened tensions in the Middle East.

Oil prices ended Monday's session lower after Iran's attack on Israel proved to be less damaging than expected, allaying fears of a rapid escalation in the conflict that could displace crude oil barrels . Brent futures for June delivery rose 46 cents, or 0.5 percent, to $90.56 per barrel at 0.005 GMT. U.S. crude futures for delivery in May rose by 43 cents, or 0.5 percent, to $85.84 per barrel

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