West Texas Intermediary (WTI) Crude Oil price is jumping over 4% to its highest level in three days, briefly recapturing the $85 mark in the Asian ses
WTI Crude Oil prices rally hard at the start of the week on renewed Middle East conflict. Worries that the Israel-Palestine war could extend into other regions, underpin Oil price rally.
pledge for voluntary cuts also supports the Oil-price upsurge. sion on Monday. The extended rebound in Oil price comes on the heels of the escalating Middle East conflict between Hamas and Israel and concerns over its potential impact on global oil supplies. Over the weekend, Gaza-headquartered Hamas militant group militarily attacked Israel and in retaliation Israel declared war on Gaza, launching airstrikes on the Hamas enclave.
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