Oil prices hang on to last week's gains after rally on Middle East tensions
Publishing timestamp: 2024-02-12 10:15:51
Summary
The article discusses how oil prices remained flat after a 6% rally last week due to escalating tensions in the Middle East. It mentions the rejection of Hamas' ceasefire proposal by Israel and their vow to continue their offensive. The article also mentions that oil prices have struggled to break out of a $10 trading range despite the tensions.
Sentiment: NEUTRAL
Keywords: breaking news: markets, markets, business news, energy, investment strategy, wti crude (mar'23), ice brent crude (apr'23), oil and gas,
Source: https://www.cnbc.com/2024/02/12/crude-oil-prices-today.html