INSUBCONTINENT EXCLUSIVE:
Brent crude dropped 0.91%, settling at $85.75 per barrel.The oil market reacted to a stronger United States dollar, making oil more
expensive for holders of other currencies
Optimism about ceasefire talks between Israel and Hamas in Gaza also influenced prices.Ports in Texas closed in anticipation of Hurricane
Beryl, with minimal expected impact after offshore platform evacuations.TD Securities noted that the Middle East risk premium might decrease
unless conflicts escalate.Oil Futures Dip Amid Geopolitical and Hurricane Concerns
(Photo Internet reproduction)The bank pointed out high production levels and anticipated continued pressure on prices without persistent
of Russian oil, despite United States and ally sanctions
potential second term for Donald Trump could reduce regulatory barriers for the oil and gas sector.Natural disasters like hurricanes also
play a crucial role in the dynamics of the dynamics of the oil market.For instance, federal mobilization for hurricanes like Ian influences
oil supply chains and prices.These interconnected geopolitical events, natural disasters, and economic policies collectively shaped the oil
and geopolitical stability that drives oil markets, affecting economies worldwide.
