💨 Abstract

Oil prices rose on Friday due to reports of Iran preparing a potential retaliatory attack on Israel from Iraqi territory. The attack, expected to be carried out using drones and ballistic missiles, could happen before the U.S. presidential election on Nov. Additionally, expectations of OPEC+ delaying December's oil production increase to mitigate soft demand and rising supply contributed to the price increase.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖