Oil Prices Slip From Near Six-Month Highs, Brent Crude Still Above $114 (File Image)
\n\nCrude oil prices eased marginally on Monday after hitting six-month highs, Brent crude prices had crossed 117 dollars per barrel; however prices remain elevated, above 114 dollars per barrel (at the time of filing this copy). Experts believe persistent concerns over geopolitical developments and oil supply worries have kept the oil market volatile.
\n\nThe concerns about energy supplies escalated after Houthis continued to strike Saudi Arabia. The US State Department ordered all non-essential personnel to leave Saudi Arabia due to the strikes. However, US President Donald Trump also said that the "US was not negotiating with Iran and something would happen fairly soon." His cryptic remarks came as US officials told The New York Times that the US and Israel have plans for fresh strikes on Iran after the midterm elections. Global oil expert and CEO-Australia, Trading.com & Chief Strategist Asia-Pacific XM.com, Peter McGuire told Times Now Digital, "energy markets react with fear of attacks by Iran on Gulf-based AI data centres and critical infrastructure including undersea cables."
\n\nTimes Now Digital had spoken to Anant Ladha, Founder of Invest Aaj For Kal about the impact of…
Original source: https://www.timesnownews.com/business-economy
