💨 Abstract

Oil prices rose on Thursday due to a decline in U.S. fuel inventories and escalating tensions in the Middle East. Brent crude and U.S. West Texas Intermediate gained 0.57% and 0.51% respectively. The rise was prompted by a higher-than-expected drawdown in distillate inventories in the U.S. and increased risk premiums due to Israel's ground operation in Gaza, U.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖