💨 Abstract

Oil prices rose on Thursday due to Middle East conflict concerns, but were limited by a stronger global supply outlook. Brent crude futures increased by $1.52 to $75.42, and U.S. West Texas Intermediate crude futures rose by $1.58 to $71.68. Israel's possible targeting of Iranian oil infrastructure and fears of retaliation have raised concerns about disruptions to oil flows.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖