Oil prices soar on Wednesday, making good on the losses from Monday and setting forward a positive return for this week. The main driver for Oil price
Oil trades near $88 and might break above $90 if tensions further build up in the Middle East. The US Dollar is in a third consecutive negative trading day. Oil could edge further up, although the fading threat of supply cuts limits its upside potential. s is the visit from US President Joe Biden to Israel, which could not have been at a worse timing. Biden landed around 08:00 GMT in Tel Aviv, hours after a hospital was bombed in Palestine with hundreds of casualties.
influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When
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