Oil rises as Middle East supply concerns persist amid shipping attacks
Oil prices increased on Thursday due to ongoing concerns regarding supply disruptions in the Middle East following shipping attacks in the Gulf. Additional pressure on prices stems from reduced U.S. output caused by recent hurricane activity.
Why it matters
Fluctuations in oil prices impact global inflation, transportation costs, and energy security for major economies.
PERTH Oct 8 (Reuters) - Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an…
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