Iran’s end of cooperation with UN nuclear inspectors led to a 2% surge in oil prices, raising Brent crude above 67.00 USD. A projected increase in OPEC+ output by 411,000 barrels daily is also anticipated.
US oil stockpiles dropped by 1.4 million barrels, tightening supplies. Economic indicators like upcoming payroll data and fluctuations in the US dollar are influencing traders’ sentiments and oil demand.
Leave a Reply