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 Harmony Gold Announces Record Dividend as Profits Skyrocket READ MORE Charted: Workers Win As Wage Growth Outpaces Inflation READ MORE Fed's Rate Cuts Ahead: What It Means for the Economy READ MORE Gold Prices Climb as Markets Anticipate Federal Reserve Rate Cuts READ MORE Supercore Inflation Surge Signals Tough Road Ahead for Fed READ MORE Add a Comment Cancel replyYour email address will not be published.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