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 The World Bank: Gold Investing Handbook for Asset Managers READ MORE Successful Newcrest bid would extend US Newmont’s lead as world’s largest gold producer READ MORE 30-Year Fixed Mortgage Back Near 7% READ MORE Major Milestone for Crypto Markets — SEC Greenlights Bitcoin ETF READ MORE Year of the Dragon: Surge in Singapore’s Gold & Silver Sales | Chinese New Year 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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