Oil Prices Soar to Five-Month Peak; US Futures Dip Post-Iran Attacks
Market Observations: Navigating Turbulent Waters
In the ever-changing landscape of global markets, recent developments have captured the attention of investors. International benchmark Brent crude oil futures initially surged by 5.7%. However, as the day unfolded, these gains moderated, settling at a robust 2% increase, which translated to a price of $78.52 per barrel. The fluctuations were not merely numbers on a screen; they resonated with the underlying tensions affecting oil supply and geopolitical…