"Geopolitical Tensions Drive Oil Prices Up Amid Weekly Gain and Forecast Updates"
TL;DR
Oil prices fell after a recent increase as Iran's foreign minister suggested progress in resolving the Israel-Hamas conflict, leading to muted trading with many Asian markets closed for Lunar New Year holidays. Brent dropped below $82 a barrel after a 6.3% gain last week, while West Texas Intermediate traded near $76.
Topics:businessbusiness-energy#business-energy#diplomatic-solution#iran#lunar-new-year#market-news#oil-prices
- Latest Oil Prices, Market News and Analysis for Feb. 12 Bloomberg
- Oil posts weekly gain as Israel bombs southern Gaza city after rejecting Hamas ceasefire offer CNBC
- The Geopolitical Risk Premium Is Back in Oil Markets OilPrice.com
- Oil Cements Weekly Gain as Israel Presses Military Offensive Yahoo Finance
- EIA, BMI Reveal Latest Brent Oil Price Forecasts Rigzone News
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