Crude oil prices were on course to post a weekly gain earlier today despite some strong headwinds that blew the benchmarks lower earlier in the week. A fresh round of Israeli airstrikes on Gaza once again raised the war premium on crude, pushing Brent and WTI higher as the prospect of a ceasefire moved further in the distance yet again.
In the U.S., better-than-expected unemployment figures quenched concerns about the world’s biggest consumer of oil. Interestingly, it was a jobs report that pushed oil prices lower earlier in the week. The…Oil Prices Poised for a Weekly Gain as Bullish Sentiment Builds
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