💨 Abstract

Oil prices increased by 2% on Thursday due to increased U.S. fuel usage before Hurricane Milton struck Florida, Middle East supply risks, and signs of growing demand in the U.S. and China. Hurricane Milton caused power outages and supply disruptions in Florida. Crude benchmarks spiked earlier this month due to Iran's missile attacks on Israel, but have since eased.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖