Crude Oil starts the week at elevated levels and holds above $70 on Monday after Israel intensified its bombing of Lebanon’s key positions during the weekend.
Crude Oil remains trading at elevated levels on Monday after severe bombings in Lebanon during the weekend. European PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven Greenback. The heightened geopolitical concerns are expected to remain elevated on Monday.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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