Oil Prices Rise Above $80 Amid Iran-Israel Tensions Oil prices have climbed back above $80 per barrel, marking their first weekly gain since early July, as traders monitor potential Iranian reprisals following the assassination of a Hamas leader in Tehran. Brent crude rose nearly 4% last week, and West Texas Intermediate approached $78. The market is also influenced by reduced bullish positions on Brent and low expectations for gasoline and diesel, while geopolitical tensions and a weak economic outlook in China weigh on sentiment. Upcoming market reports and U.S. inflation data are expected to provide further clarity on supply and demand dynamics. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Markets on Edge: Continuing Coverage of Regional Banking Crisis READ MORE HBAR – Real World Asset Tokenization is Here READ MORE Western Demand Propels Gold ETFs to Fourth Straight Month of Gains READ MORE Zambia Sets Ambitious Target: 1 Million Tons of Copper by 2027 READ MORE Inflation Is Down but Don't Thank the Fed READ MORE Add a Comment Cancel replyYour email address will not be published.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