Oil futures ended higher Thursday, finding support as traders monitored rising tensions and shipping threats in the Middle East one day after they slumped amid a large spike in U.S. crude and fuel inventories.
Price moves
Market drivers
WTI crude-oil futures have held “longstanding support” at $70 a barrel so far in 2024,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. “The main reason has been geopolitical uncertainty surrounding the expanding conflict between Israel and Hamas in the…
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