fromLondon Business News | Londonlovesbusiness.com
11 hours agoOil firms on Middle East geopolitical concerns - London Business News | Londonlovesbusiness.com
Crude oil extended its rally for a third consecutive session today, supported by rising geopolitical tensions, severe winter weather disrupting US output, and a surprise draw in US crude inventories. Together, these factors kept the market focused on immediate supply risks and sustained the rebound. Markets reacted to renewed geopolitical risk sin the Middle East. President Trump has renewed pressure on Iran, while a US naval group's arrival in the region has fuelled disruption fears.