💨 Abstract

Oil prices rose more than 2% on Friday due to reports of an imminent retaliatory strike by Iran against Israel from Iraq. The escalating tension in the Middle East between the two countries, following a series of tit-for-tat strikes, has raised concerns over oil supply. Despite the rise, oil benchmarks are still set for a weekly decline. The outcome of the US presidential election and any financial stimulus from China will also impact oil prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖