💨 Abstract

Oil prices rose on Wednesday due to concerns about Middle East tensions, but gains were limited by a rise in U.S. crude inventories. The conflict between Iran and Israel escalated further, with Iran attacking Israel and Israel threatening retaliation, including potential attacks on Iranian oil production facilities. An attack on Iran's oil infrastructure could lead to Tehran retaliating against Saudi oil facilities. Meanwhile, U.S. crude inventories rose by 3.9

Courtesy: theprint.in

Summarized by Einstein Beta 🤖