đź’¨ Abstract
Oil prices slightly rose in early Asian trading on Friday, supported by geopolitical tensions in the Middle East. President Biden's comments about potential U.S. strikes on Iran's oil facilities contributed to a 5% rally in oil prices earlier in the week. However, the market has been tempered by OPEC's spare production capacity and the resolution of a crisis in Libya, which increased oil production.
Courtesy: theprint.in
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