💨 Abstract

Oil prices rose for a second day on Monday due to concerns about potential supply disruptions in the Middle East, following Israel's increased attacks on Palestinian militant groups and Iranian-backed forces. Prices were supported by the possibility of a wider Middle East conflict involving Iran, a key OPEC producer. However, worries about demand, particularly in China, capped gains. The market awaits updates from the Federal Reserve chair for clues on monetary easing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖