Oil prices bounce back from multi-month lows on West Asia tensions

Quick Summary:

Both oil benchmarks broke a three-session declining streak on Tuesday.

Brent crude futures were up $1.42, or 1.9 per cent, to $77.90 a barrel at 1310 GMT.

The US Energy Information Administration is due to release weekly inventory data at 10:30 a.m.(1430 GMT) on Wednesday.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: West Asia tensions Israel Hamas war Oil prices Israel Iran conflict Crude oil prices Global oil prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 19:50:42 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21970896

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Official Website: business-standard.com

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