💨 Abstract

Crude prices rose on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire. Doubts about U.s. interest rate cuts and swelling oil inventories. Brent Crude futures for July gained 21 cents, or 0.3%, to $83.65 a barrel.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖