Oil Prices Steady as Blinken Visits Middle East

Oil Prices Steady as Blinken Visits Middle East

Global prices of crude oil stabilized on Tuesday after sustained decline which started last week. Crude oil fell below $80 over slowdown in demand and rising tension in the middle East.

Earlier today, brent crude futures steadied around $78 per barrel after a 0.9% gain in the previous session as investors are closely watching US Secretary of State Antony Blinken’s Middle East visit.

Palestinians are actively seeking a truce to prevent a potential Israeli assault on Rafah, while Hamas militants require further assurances before accepting a ceasefire.

Simultaneously, the US government is taking measures against Iran-backed Houthis in Yemen.

In Russia, the largest oil refinery suffered an attack by Ukrainian drones, resulting in disruptions to petrochemical exports.

Additionally, global demand is impacted by diminishing expectations of imminent interest rate reductions from the US Federal Reserve, coupled with ongoing concerns surrounding China’s economic. #Oil Prices Steady as Blinken Visits Middle East#

Chinese Yuan Rally after Crackdown on Vicious Selling

The post Oil Prices Steady as Blinken Visits Middle East appeared first on MarketForces Africa.

February 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
26272829  
Buying and Selling FX is is easy and Safe on Nairalaw.com Agree What Nigerian Bank you ant To meet Verify and Pay the FX into your Account and Pay The Seller Easy Safe ALL Within The Banking Premises ! You can even walk into Select Banks and Ask To Speak To The Manager Code Word Nairalaw ! If anything goes wrong and you need legal representation . We are Here To Help ! YO CAN DO ONLINE FX DEALS VIA OUR DEAL ARBITER APP FREE . THEY ARE AT YOUR OWN RISK EXCEPT YOU PAY A SMALL CHARGE UPFRONT
BUY 1 MILLION UK US EMAILS AND START RESELLING ON ADVERTIS.I.NG BUY 1 Million UK US EMAILS AND START RESELLING FOR DMCA PLEASE CONTACT US
  • Related Posts

    • Naira
    • April 21, 2025
    • 4 views
    Naira Rises against EUR, USD as GBP Rally—CBN FX Data

    Naira Rises against EUR, USD as GBP Rally—CBN FX Data The Nigerian local currency, the naira, depreciated against the Great Britain pound (GBP) and South African rand (ZAR) in the…

    Read more

    • Naira
    • April 21, 2025
    • 5 views
    SEC Warns Influencers, Bloggers against Promoting Ponzi Schemes

    SEC Warns Influencers, Bloggers against Promoting Ponzi Schemes The Securities and Exchange Commission (SEC) has warned social media influencers and bloggers against promoting unregistered investment schemes. SEC’s Director-General, Dr Emomotimi…

    Read more