What’s Keeping a Lid on Oil Prices During War in Middle East
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Oil Prices Rise
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Oil prices are rising as traders once again express concern about disrupted Middle East supplies as the conflict between Israel and Iran continues. The cost of crude has been highly volatile in recent sessions as the market reacts to signs of escalation and hopes for a ceasefire.
The Indian rupee is likely to dip at the open on Tuesday, weighed down by rising oil prices and a decline in U.S. equity futures after U.S. President Donald Trump called for the evacuation of Tehran.
This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?
DRIVERS must be spared a fuel duty hike as tensions in the Middle East push up global oil prices, MPs have warned. New figures show petrol prices rose to 132.1p a litre yesterday,