Oil rises on Middle East tensions & U.S. rate cut expectations. Middle East turmoil supports prices near 6-month high, despite U.S. inflation concerns.
Potential strikes in Australian LNG industry raise concerns of supply disruptions, but major buyers like China and Japan have ample inventories. Traders hopeful for resolution to avoid significant impact on output.
Potential strikes in Australian LNG industry raise concerns of supply disruptions, but major buyers like China and Japan have ample inventories. Traders hopeful for resolution to avoid significant impact on output.
Oil rises on Middle East tensions & U.S. rate cut expectations. Middle East turmoil supports prices near 6-month high, despite U.S. inflation concerns.