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Oil Prices Surge Amid Global Tensions

Oil Prices Surge Amid Global Tensions

Published 2 days, 6 hours ago
Description

Oil prices surged this week, defying bearish predictions, as geopolitical tensions and trade disputes escalated. OPEC revised down demand growth, but the UAE plans to double exports. Nations like Cuba and India are grappling with energy shortages, while China considers resuming US crude imports. Iraq and Mexico replaced their oil ministers amid the turmoil. Meanwhile, zinc prices soared due to smelter fires, keeping energy markets volatile.

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