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 Gold Surges as Weak US Jobs Data Fuels Rate Cut Expectations READ MORE Potential Layoffs Ahead as Companies Brace for Interest Rate Hikes READ MORE Middle East Tensions Stir Global Economic Concerns as Oil Prices Climb READ MORE U.S. Private Sector Hiring Exceeds Expectations, Adding 192,000 Jobs in April READ MORE Has the Housing Market Crash Arrived? READ MORE Add a Comment Cancel replyYour email address will not be published.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