This week, oil markets witnessed fluctuations, with Brent crude momentarily dipping yet staying close to the $90 mark.
Various factors, including geopolitical tensions and uncertain economic forecasts, have influenced these price movements.
Specifically, Brent crude experienced a drop of $0.74, settling at $89.74 per barrel.
This shift reflects the market's reaction to escalating tensions in the Middle East, particularly concerning potential conflicts between Iran and Israel.
Such geopolitical events historically impact oil prices significantly, adding volatility to the global markets.
West Texas Intermediate (WTI) also saw a decline, falling $1.19 to $85.02 per barrel.
Despite. . .
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