💨 Abstract

Oil prices increased on Wednesday due to concerns over Middle East supply disruptions, but were capped by a large build in U.S. crude inventories. The escalating conflict between Iran and Israel, with Iran's missile attack on Israel and threats of retaliation, increased tensions. Iran's oil output rose to a six-year high in August, but U.S. inventories rose by 3.9

Courtesy: theprint.in

Summarized by Einstein Beta 🤖