Oil Prices Dip as Mideast Tensions Ease: What's Next?
Update: 2025-10-10
Description
Oil prices dipped following an Israel-Hamas ceasefire agreement, easing fears of Middle East supply disruptions. Despite the drop, Brent and West Texas crude are up for the week, buoyed by modest OPEC output increases and lingering concerns over the Ukraine conflict. Attention now turns to potential economic headwinds, including a possible US government shutdown, which could impact oil demand.
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