Oil Prices Surge 5% Amid Middle East Tensions and US Economic Resilience

The oil market witnessed a significant upturn on Thursday, October 3rd. Prices climbed sharply as investors grew wary of potential supply disruptions in the Middle East. The surge came alongside indicators pointing to a stronger-than-expected US economy. WTI crude for November delivery rose by 5.14% on the New York Mercantile Exchange. It closed at $73.71 […]