Oil prices flat before US GDP data, Middle East concerns persist
Investing.com-- Oil prices moved little in Asian trade on Thursday as markets hunkered down before key U.S. economic data due later in the day, while focus also remained on any more developments in the Israel-Hamas war.
But persistent bombing of the Gaza strip, along with Israel’s commitment to a ground assault on the region saw traders pricing in a greater chance of escalation in the conflict. This saw oil prices jump 2% on Wednesday, rebounding from a series of recent losses.
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