Crude futures jumped amid tensions in the Middle East
One of Libya's rival governments announced oil production would shut down amid a dispute over who should lead the country's central bank.Crude oil futures gained more than 3% on Monday amid reports of a production halt in Libya and after Israel and Hezbollah traded a barrage of strikes across the Lebanon border.
The Middle East has been on edge for weeks after the assassinations of the Hezbollah commander in Beirut and a Hamas leader in Tehran, Iran.The long-term winners as AI boosts U.S. power needs, according to MizuhoOil market has not priced in any geopolitical risk premium: Expert
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