Oil heads for weekly gain as Middle East tensions keep market on edge

Quick Summary:

SINGAPORE: Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge.

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West Texas Intermediate crude was at $70.48 a barrel, up 29 cents, or 0.4%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaFranceIsraelLebanonSingaporeUnited States

Topics: Brent Energy WTI /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 15:10:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23236412

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 50 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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