Oil Prices Rebound Amid Persistent Middle East Supply Risks
Oil prices reversed earlier losses, with Brent crude futures rising 2.6% to $98.66 a barrel. The rebound is attributed to ongoing tensions, supply risks, and shipping disruptions in the Middle East, despite a recovery in Persian Gulf crude exports.
Oil prices recovered after earlier losses as tensions, supply risks and shipping disruptions in the Middle East continued. 66 a barrel on Wednesday, while front-month West Texas Intermediate...