💨 Abstract

Oil prices increased on Monday due to concerns about supply, with tensions escalating in the Middle East and production being shut in the Gulf of Mexico due to a tropical disturbance. Israel's attacks on Hezbollah targets in Lebanon raised fears of Iran's involvement, potentially impacting oil exports. Additionally, Shell announced the shutdown of production at its Stones and Appomattox facilities in the Gulf of Mexico.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖