Tag: assets
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Oil prices trend up after U.S. retaliatory strikes in Middle East
Oil prices rose Monday after the U.S. launched retaliatory strikes in Iraq and Syria against Iranian forces and their allies over the weekend, raising the risk that the Middle East is heading toward a broader conflict. The West Texas Intermediate contract for March rose 50 cents, or 0.69%, to settle at $72.78 a barrel. The…
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Oil Outlook: Prices Rise After Ukraine Attacks Major Russian Terminal; Middle East Crisis Persists
Oil prices rose on Tuesday after Ukraine reportedly attacked a major Russia fuel terminal over the weekend, raising renewed concerns about supply disruptions. The West Texas Intermediate futures contract for February gained $1.78, or 2.42%, to settle at $75.19 a barrel. The Brent contract for March rose $1.50, or 1.91%, to settle at $80.06 a…