Oil rises as Israel-Hezbollah ceasefire violated, OPEC+ delays meeting
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Euronews.com
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Oil prices rose nearly 1% due to escalating tensions in the Middle East, particularly after Israel reported ceasefire violations by Hezbollah. Brent crude reached $72.90 a barrel, recovering from a slump. The OPEC+ meeting on oil production policy has been postponed to December 5, 2024, with expectations of a gradual approach to production cuts. Analysts predict oil demand will continue to grow for at least another decade despite global decarbonisation efforts. Teljes cikk (Euronews.com)