Oil Prices Climb as Middle East Tensions Escalate Before OPEC+ Meeting Oil prices rose amid escalating geopolitical tensions in the Middle East, with Brent crude trading above $83 a barrel and West Texas Intermediate above $79. The increase follows reports of an attack on a Greek-managed vessel in the Red Sea and Israeli tanks entering Rafah in Gaza. Despite OPEC+ maintaining output cuts, oil prices have dipped since April due to weakening Asian demand. Analysts highlight ongoing geopolitical risks, inventory drawdowns, and OPEC’s stance on curbs as factors supporting oil prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Bull and Bear Case for Gold in 2024 READ MORE ING Gold Monthly: The Bull Run Isn't Over Yet READ MORE Fed's Balancing Act: Slow Rate Cuts to Navigate Economic Crosscurrents READ MORE How US Election Outcomes Could Boost Precious Metal Prices READ MORE Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment