Oil Prices Surge Amid Supply Disruptions and Middle East Tensions
TL;DR Summary
WTI oil rose above $72 as tensions in the Middle East escalated due to a Houthi attack on a U.S.-owned vessel, while natural gas prices retreated on bearish weather forecasts. Brent oil also moved above $78 amid concerns about potential disruptions in Middle East oil supply, with technical analysis indicating key resistance levels for each commodity.
Topics:business#brent-oil#commodity-markets#middle-east-tensions#natural-gas#weather-forecasts#wti-oil
- Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Houthis Attack A U.S.-Owned Vessel FX Empire
- A Houthi Retaliation Could Send Oil Prices Soaring OilPrice.com
- Oil falls as investors focus on Middle East, interest rates Reuters
- WTI improves to $72.70 on supply disruptions, Iran strikes near the US Consulate in Iraq FXStreet
- Supply Disruptions Boost Bullish Sentiment in Oil Markets OilPrice.com
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