Oil prices rise as OPEC+ extensions boost sentiment, but gains may be capped
Wednesday, 4 December 2024 () Oil prices extended gains from the previous sessions amid rising tensions between Israel and Lebanon-based Hezbollah. Prices have been largely rangebound over the last six trading sessions. However, geopolitical tensions have raised concerns about supply disruptions. On Wednesday, oil’s momentum was slightly stalled as the American Petroleum Institute reported an unexpected increase in US inventories […]
Wednesday, 4 December 2024 ()
Oil prices extended gains from the previous sessions amid rising tensions between Israel and Lebanon-based Hezbollah. Prices have been largely rangebound over the last six trading sessions. However, geopolitical tensions have raised concerns about supply disruptions. On Wednesday, oil’s momentum was slightly stalled as the American Petroleum Institute reported an unexpected increase in US inventories […]