Oil prices slightly increased on Monday.

On Monday, oil prices slightly increased following a decline the previous week. The rise came after the US government announced plans to conduct further military strikes in the Middle East against Iran-backed groups. Additionally, Ukrainian drones have struck Russia's largest refinery, escalating tensions in the region. Brent crude futures rose 0.5% to $77.69 per barrel, while U.S. West Texas Intermediate futures increased 0.4% to $72.53 per barrel.

February 05, 2024
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