💨 Abstract

Oil prices rose on Friday due to Iran's reported preparation for a retaliatory strike on Israel, but were capped by record US output. Brent and WTI settled at $73.10 and $69.49 respectively. Prices surged over $2 at their session highs. Iran is expected to increase oil exports to around 1.5 million barrels per day in 2024, up from 1.4

Courtesy: theprint.in

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